The mutual is cutting rates across a large selection of its two, three, five and 10-year fixed-rate products, following its pledge to pass on the 0.25% Bank Base Rate cut to SVR and tracker customers.
Nationwide’s refreshed fixed-rate product range is as follows:
- Two-year fixed-rate products start at 1.49% with a £999 fee and 1.89% with no fee
- Three-year fixed-rate products at 1.79% with a £999 fee and 2.09% with no fee
- Five-year fixed-rate range at 2.14% with a £999 fee and 2.34% with no fee
For those looking for a decade of payment security, the 10-year fixed-rate products are now at the lowest ever rate set by the Society, from 2.79% with a £999 fee and 2.89% with no fee for the 60% LTV mortgage deal.
All standard mortgage valuations are fee-free, while first-time buyers receive a £500 cashback to help with the cost of moving.
Henry Jordan (pictured), Nationwide’s head of mortgages, said: “For our existing customers, we offer both rates that are always discounted by 0.10% when compared to the new customer rate and a £250 for those mortgage customers moving home or switching to a new product. With the combination of competitive rates and access to additional benefits for both new and existing customers, Nationwide will continue to offer deals that are among the best on the high street.”
