Nationwide is reducing all five-year fixed mortgage rates by 0.10 per cent and all two-year tracker mortgage rates by 0.15 per cent for new applications. The reduction means Nationwide will offer a five-year fixed rate at 3.99 per cent (up to 70 per cent LTV) with just a £99 booking.
Martyn Dyson, head of mortgages at Nationwide, said: “Five-year fixed rate mortgages can be ideal for customers who prefer more certainty about their mortgage payments, so our decision to further reduce these rates is good news for those people. We expect our new five-year fixed rate at less than four per cent with just a £99 booking fee to be very popular.
“We’re also reducing two-year trackers, which all come with a ‘switch & fix’ option, allowing customers to switch from their tracker to a fixed rate in our ‘switch and fix’ range without early repayment charges.”
Five-year fixed rate available at 3.99 per cent (up to 70 per cent LTV)
No product fee, £99 booking fee (payable upfront and non-refundable) for house purchase and remortgage customers.
Other rates up to 85 per cent LTV also available.
Five-year fixed rate available at 3.79 per cent (up to 70 per cent LTV)
£900 product fee, £99 booking fee (payable upfront and non-refundable) for house purchase, and remortgage customers.
£500 product fee discount for first-time buyers.
Other rates up to 85 per cent LTV also available.
Deals with no product fee are also available.
Two-year tracker rate available at 2.44 per cent (Bank of England Base Rate + 1.94 per cent) (up to 70 per cent LTV)
£900 product fee, £99 booking fee (payable upfront and non-refundable) for house purchase and remortgage customers.
£500 product fee discount for first-time buyers.
Deals with no product fee are also available.
