Nationwide makes widespread rate cuts
Its 2-year fixes start at 1.49% to 60% LTV and 1.74% to 70% LTV both with a £999 fee, while equivalent fee free products stand at 1.89% to 60% LTV and 2.14% to 70% LTV.
In terms of longer-term products 5-year fixed rates are 2.24% to 60% LTV and 2.54% to 70% LTV, both with a £999 fee.
Henry Jordan, Nationwide’s head of mortgages, said: “This new range of fixed rates ensures Nationwide remains competitive and is designed to appeal to those looking for certainty of mortgage payments while interest rates remain at historic lows.”
The lender’s 4-year flexclusive products, for customers with Nationwide current accounts, have also been cut by 0.10% to 2.04% with a £999 fee and 2.34% with no fee to 60% LTV.
With higher LTV products 2-year fixes now stand at 1.94% to 80% LTV and 2.24% to 85% LTV with a £999 fee, and also 2.64% to 85% LTV with no fee.
And with 5-year fixes to 75% LTV rates are 2.64% with a £999 fee and 2.84% with no fee.