Nationwide lowers rates for those looking to remortgage or switch

13 February 2025

Nationwide also reducing selected rates for new and existing customers looking to move home

To support borrowers coming to the end of their existing mortgage deals, Nationwide is cutting selected remortgage rates by up to 0.35% and selected switcher rates by up to 0.13%. In addition, Nationwide will be reducing selected rates for new and existing customers moving home by up to 0.10%. The new rates will be effective from tomorrow, Friday 14 February.

The new rates include:

Remortgage: reductions of up to 0.35% across two, three, five-year fixed rate products up to 95% LTV with rates starting from 4.12%. These include:

Five-year fixed rate at 60% LTV with a £1,499 fee1 is 4.12% and with £999 fee is 4.17% (both reduced by 0.07%)
Two-year fixed rate at 60% LTV with a £1,499 fee1 is 4.24% and with £999 fee is 4.29% (both reduced by 0.15%)
Two-year fixed rate at 60% LTV with no fee is 4.63% (reduced by 0.16%)
Two-year fixed rate at 90% LTV with no fee is 5.49% (reduced by 0.35%)

These latest changes also continue Nationwide’s existing mortgage customer pricing pledge, meaning that all switcher product rates will be the same or lower than the remortgage equivalents.

Switcher (for existing Nationwide customers coming to the end of their current mortgage deal): reductions of up to 0.13% across selected two, three and five-year products up to 90% LTV with rates starting from 4.12%. These include:

Five-year fixed rate at 60% LTV with a £999 fee is 4.12% (reduced by 0.06%)
Two-year fixed rate at 60% LTV with a £999 fee is 4.24% (reduced by 0.13%)

In addition, Nationwide is also reducing selected rates across its new and existing customer moving home mortgages.

New customers moving home: reductions of up to 0.10% across two-year fixed rate products up to 90% LTV, including:

Two-year fixed rate at 60% LTV with a £1,499 fee1 is 4.22% and with £999 fee is 4.27% (both reduced by 0.06%)
Two-year fixed rate at 80% LTV with a £999 fee is 4.64% (reduced by 0.10%)

Existing customers moving home: reductions of up to 0.10% across two-year fixed rate products up to 90% LTV, including:

Two-year fixed rate at 60% LTV with a £1,499 fee1 is 4.22% and with £999 fee is 4.27% (both reduced by 0.06%)
Two-year fixed rate at 80% LTV with a £999 fee is 4.64% (reduced by 0.10%)

The latest changes again demonstrate how Nationwide continues to offer existing customers who are moving home the same or lower rate than the equivalent rates available for new customers.

Selected additional borrowing rates are also being cut by up to 0.13% with rates starting from 4.12%.

Carlo Pileggi, Nationwide’s Senior Manager – Mortgages, said:

“The cuts we’re making to our remortgage and switcher products demonstrate our commitment to new and existing customers as they look to secure the best rate possible on a new mortgage deal. Nationwide’s existing customer pricing pledge also means that existing Nationwide customers have the reassurance that our switcher product rates will be the same or lower than the remortgage equivalents.”