Nationwide cuts mortgage rates by up to 0.35%

Mortgage Introducer

April 8, 2021

Nationwide Building Society commission income

Nationwide has reduced the rates on a number of selected mortgages across its range by up to 0.35%. 

Remortgage rates see reductions of up to 0.20% across selected two, five and 10-year fixed-rate products.

These see Nationwide’s 2-year fixed-rate at 60% loan-to-value (LTV) reduced by 0.05% to 1.09%, with £1,499 product fee.

Its 5-year fixed-rate at 75% LTV is reduced by 0.05% to 1.59% and its 10-year fixed-rate at 60% LTV is reduced by up to 0.20% to 2.14%, both come with a £999 product fee.

For existing members moving home: reductions of up to 0.35% are made across selected two and 5-year fixed-rate products.

This sees the society now offer a 2-year fixed-rate at 60% LTV reduced by 0.10% to 1.04% and a 5-year fixed-rate at 80% LTV reduced by 0.10% to 2.04%, both with £1,499 product fee.

The 10-year fixed-rate at 60% LTV is reduced by 0.35% to 1.99%, with £999 product fee.

Henry Jordan, Nationwide’s director of mortgages, said: “With just a couple of months left of the stamp duty holiday the mortgage market continues to see lots of activity.

“These latest reductions will improve our competitive position for borrowers looking to remortgage and existing members looking to move home.”

The Society has also amended selected further advance, family deposit mortgage and switcher rates.

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