Nationwide cuts fixed rates by up to 0.16%

Jake Carter

June 17, 2021

cut rates

Nationwide Building Society will reduce selected 2 and 5-year fixed rates across its range by up to 0.16% from 18 June 2021.

Notable products for first-time buyers include a 60% loan-to-value (LTV) 2-year fix reduced by 0.05% to 0.99%, and a 95% LTV 5-year fix reduced by 0.10% to 3.79%.

The former deal includes a £1,499 fee and the latter a £999 fee.

For new customers moving house, the 85% LTV 5-year fix has been cut by 0.15% to 2.79%, and the 95% LTV 5-year fix has been reduced by 0.10% to 3.79%; the latter deal includes a £999 fee.

Looking to remortgaging, the 75% LTV 2-year fix has been cut by 0.05% to 1.29%, and the 60% LTV 5-year fix by 0.05% to 1.14%.

The former offer includes a £999 fee and the latter a £1,499 fee.

For existing members moving home, Nationwide is reducing rates by up to 0.11% on selected 2 and 5-year products up to 95% LTV.

Nationwide is also reducing selected further advance, family deposit mortgage and switcher rates by up to 0.11%.

Henry Jordan, director of mortgages at Nationwide, said: “The mortgage market remains highly competitive, which is why we are reducing our rates again to ensure that we can continue to remain one of the best lenders in the market for rate as well as service.

“Whether someone is buying a new home or remortgaging their existing property we have a range of competitive mortgages on offer, including sub-1% rates.”

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