Nationwide cuts mortgage rates by up to 0.33%
20 February 2025
Effective from tomorrow, Friday 21 February, Nationwide Building Society will be reducing selected rates by up to 0.33 percentage points, with rates now starting from 4.09%. The new rates include:
New customers moving home: reductions of up to 0.22% across two, three and five-year fixed rate products up to 95% LTV, including:
- Five-year fixed rate at 60% LTV with a £1,499 fee1 is 4.09% (reduced by 0.05%)
- Five-year fixed rate at 85% LTV with a £999 fee is 4.45% (reduced by 0.13%)
- Three-year fixed rate at 75% LTV with a £999 fee is 4.34% (reduced by 0.05%)
- Two-year fixed rate 75% LTV with a £1,499 fee is 4.24% (reduced by 0.13%)
- Two-year fixed rate 95% LTV with no fee is 5.42% (reduced by 0.22%)
First-time buyers: reductions of up to 0.33% across two and three-year fixed rate products up to 95%, including:
- Three-year fixed rate at 60% LTV with a £999 fee is 4.29% (reduced by 0.05%)
- Three-year fixed rate at 85% LTV with a £999 fee is 4.64% (reduced by 0.05%)
- Two-year fixed rate at 80% LTV with a £999 fee is 4.50% (reduced by 0.33%)
- Two-year fixed rate at 95% LTV with a £999 fee is 5.29% (reduced by 0.25%)
Nationwide, is also reducing rates for existing customers moving home by up to 0.22%, with rates now starting from 4.09%.
Full details of all rates included in these latest changes can be found here.
Carlo Pileggi, Nationwide’s Senior Manager – Mortgages, said
“As one of the UK’s largest lenders, we remain as committed as ever to supporting home movers and first-time buyers, with these reductions following our cuts for remortgage and switcher customers last week. These latest reductions bring five-year and two-year fixed rates closer together, with our first-time buyer £999 fee products fully aligned across both terms. We now have some of the most competitive rates on the market, whether it be for first-time buyers or customers moving home.”
