Nationwide mortgages dip below 4%

Nationwide mortgages dip below 4%

Nationwide mortgages dip below 4% as mutual makes cuts to fixed term deals

Effective from today, Nationwide will be reducing rates by up to 0.25 percentage points across its two, three, and five-year fixed rate products, with its lowest rate now standing at 3.99%.


These changes will also see Nationwide as the first major high street lender to return to offering a five-year fixed rate mortgage with a rate below four per cent.1


The new rates include:
New customers moving home: reductions of up to 0.23% across two, three, five-year fixed rate products up to 95% LTV, including:
  • Five-year fixed rate at 60% LTV with a £1,4992 fee is 3.99% (reduced by 0.19%)
  • Five-year fixed rate at 60% LTV with a £999 fee is 4.04% (reduced by 0.19%)
  • Five-year fixed rate at 60% LTV with no fee is 4.24% (reduced by 0.23%)
  • Five-year fixed rate at 85% LTV with a £999 fee is 4.50% (reduced by 0.10%)
  • Two-year fixed rate at 80% LTV with a £999 fee is 4.87% (reduced by 0.11%)


First-time buyers: reductions of up to 0.24% across two, three, five-year fixed rate products up to 95% LTV, including:
  • Five-year fixed rate at 85% LTV with a £999 fee is 4.55% (reduced by 0.24%)
  • Two-year fixed rate at 85% LTV with a £999 fee is 4.95% (reduced by 0.19%)
  • Five-year fixed rate at 60% LTV with a £1,4992 fee is 4.34% (reduced by 0.20%)
  • Five-year fixed rate at 60% LTV with a £999 fee is 4.39% (reduced by 0.20%)


Remortgage: reductions of up to 0.17% across two, three, five-year fixed rate products up to 90% LTV, including:
  • Five-year fixed rate at 60% LTV with a £1,4992 fee is now 4.27% (reduced by 0.08%)
  • Five-year fixed rate at 75% LTV with a £999 fee is now 4.43% (reduced by 0.17%)
  • Two-year fixed rate at 75% LTV with a £999 fee is now 4.79% (reduced by 0.10%)


Nationwide is also reducing selected two, three and five-year switcher rates up to 95% LTV by up to 0.25% with rates starting from 4.24%. These latest changes also continue Nationwide’s existing mortgage customer pricing pledge, meaning that all switcher product rates will be the same or lower than the remortgage equivalents.


In addition, Nationwide is reducing rates for existing customers moving home by up to 0.23% on selected two, three and five-year fixed rate products up to 95% LTV, while additional borrowing rates are being cut by up to 0.25% on two, three and five-year fixed products up to 90% LTV. At the same time, Nationwide is increasing the rates by up to 0.15% on selected two-year tracker products.


Henry Jordan, Nationwide's Director of Home, said: “These latest rate cuts and the reintroduction of a sub-four per cent product further reinforce our position as one of the most competitive lenders in the market. We’ve made rate reductions across our fixed rate mortgage range because, as the country’s largest mutual, we want to maintain our support for all types of borrowers through attractively priced products, whether it be home movers, first-time buyers or those looking to remortgage or switch their deal.”


Visit Nationwide.co.uk for further information


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