Nationwide launches lowest ever fixed rate
Nationwide Building Society is introducing its lowest ever two-year fixed rate. Following the cuts of 0.15 percentage points, new customers will be able to access two-year fixed rates and tracker rates starting from 2.34%.
Existing borrowers will continue to benefit from rates 0.10 percentage points lower than new business rates.
Key highlights include:
New 2.34% two-year fixed rate up to 60% LTV with £900 fee (2.24% for existing borrowers)
First time buyers pay a reduced fee of £400
Remortgage borrowers receive a free standard valuation and the choice of either free standard legals or £250 cashback
Two-year tracker up to 60% LTV with £900 fee available at same rates
A non-refundable booking fee of £99 is payable on reservation
New 2.74% two-year fixed rate up to 75% LTV with £900 fee (2.64% for existing borrowers)
First time buyers pay a reduced fee of £400
Remortgage borrowers receive a free standard valuation and the choice of either free standard legals or £250 cashback, payable one month after completion
Two-year tracker up to 75% LTV with £900 fee available at same rates
A non-refundable booking fee of £99 is payable on reservation
New 4.24% two-year fixed rate up to 90% LTV with £900 fee (4.14% for existing borrowers)
First time buyers pay a reduced fee of £400
A non-refundable booking fee of £99 is payable on reservation
Existing Nationwide mortgage customers looking to fund non-structural energy home improvement through the Society's new Green Additional Borrowing¹ will now be able to access rates starting from 2.14% at 60% LTV.
Tom Riley, head of mortgage pricing at Nationwide, said: "Nationwide continues to demonstrate that it is open for business by announcing its lowest ever fixed mortgage rates.
"These latest cuts ensure our popular range of two-year fixed and tracker rate mortgages remain very competitive.
"The Society continues to make significant improvements for customers at all LTVs, not just for those with the largest deposits."