08/21/2024 | Press release | Distributed by Public on 08/21/2024 07:28
21 Aug 2024
Nationwide will be reducing rates by up to 0.26 percentage points across its two, three, five and ten-year fixed rate products with the new rates effective from tomorrow, Thursday 22 August.
Nationwide is now offering a mortgage rate of 3.78%, which is available to any new and existing customers looking to move home.
The new rates include:
New customers moving home: reductions of up to 0.26% across two, three, five and ten-year fixed rate products up to 95% LTV, including:
Existing customers moving home: reductions of up to 0.26% across two, three, five and ten-year fixed rate products up to 95% LTV, including:
First-time buyers: reductions of up to 0.25% across two, three, five and ten-year fixed rate products up to 95% LTV, including:
Remortgage: reductions of up to 0.25% across two, three, five and ten-year fixed rate products up to 90% LTV, including:
Switcher: 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 3.94%. These latest changes continue to demonstrate Nationwide's commitment to its existing mortgage customer pricing pledge, meaning that all switcher product rates will be the same or lower than the remortgage equivalents.
Additional borrowing rates are being cut by up to 0.20% on two, three and five-year fixed products up to 90% LTV, with rates starting from 3.94%.
Henry Jordan, Nationwide's Director of Home, said: "We're making cuts across the majority of our fixed rate mortgage range to support all buyer types across the housing market."
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