You are here: Home - Mortgages - Buy To Let - News -

Nationwide cuts mortgage rates to historic low

Written by:
Nationwide is to lower rates on a number of its fixed rate mortgage products, a move which the lender says will see it offer the lowest mortgage rates in its history.

The mutual will make the reductions tomorrow (Wednesday 10 April) on products at 60% and 70% loan-to-value. This includes a 2.24% two-year and a 2.89% five-year fix at 60% LTV. Further discounts are available for existing customers.

Nationwide said these products are the lowest fixed rate products it has ever offered. 

Tracie Pearce, head of mortgages at Nationwide, said: “I’m pleased to announce that we have reduced rates on all fixed rates and tracker rates for those customers with at least a 30 per cent deposit.

“These latest reductions mean Nationwide is now offering the lowest fixed rate mortgages in the Society’s history. 

“The cuts of up to 0.10 percentage points could benefit those buying a house or remortgaging. In particular, our three year fixed rate mortgages available to 60 per cent LTV at 2.49 per cent are now among the lowest rates in the market.”

Products include 
– 2.24% two-year fixed rate up to 60% LTV (2.14% for existing borrowers)
– 2.49% three-year fixed rate up to 60% LTV (2.39% for existing borrowers)
– 2.89% five-year fixed rate up to 60% LTV (2.79% for existing borrowers)
– 2.49% Flexclusive four-year fixed rate up to 60% LTV (2.39% for existing borrowers)

All three products have tracker equivalents available and fees of £400 for first-time buyers and £900 for other purchases apply alongside a £99 booking fee.

Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Could you save money with a social broadband tariff?

Two-thirds of low-income households are unaware they could be saving on broadband, according to Uswitch.

How to help others and donate to food banks this winter

This winter is expected to be the most challenging yet for the food bank network as soaring costs push more pe...

Your rights for refunds if travel is affected by strikes

There have been a wave of strikes this year across many different industries, and more are planned over Christ...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week