Nationwide cuts mortgage rates
The reductions are part of the Nationwide Loyalty Rate Mortgages initiative, which compares the society’s mortgage rates for existing customers to those of its top six high street competitors.
The Loyalty Rate Mortgages changes are as follows:
85 per cent LTV 5 year fixed rate with a £0 fee reduced by 0.15% to 3.24%
90 per cent LTV 5 year fixed rate with a £0 fee reduced by 0.10% to 3.84%
Existing mortgage customers already benefit from a 0.10% discount on new customer rates.
In addition, the 85% 5-year fixed rate product with a £999 fee at 3.24% will be withdrawn.
The Loyalty Rate Mortgages initiative is only available to Nationwide’s existing mortgage customers who are looking to switch deal.