Nationwide Cuts Mortgage Rates to 3.64%
Nationwide has lowered its mortgage rates again, now offering a deal as low as 3.64%. This market-leading rate targets home movers opting for a two-year fixed rate at 60% loan-to-value (LTV), requiring at least 40% equity. The offer includes a £1,499 fee.
Broader Rate Reductions Across Range
The lender has introduced cuts of up to 0.25% throughout its mortgage options, benefiting first-time buyers and remortgagers alike. This follows similar reductions by TSB and other lenders in recent weeks.
Industry Response and Market Impact
Mortgage brokers suggest these rates represent some of the lowest available in the last three years, providing significant savings opportunities for borrowers.
Carlo Pileggi, Nationwide’s head of mortgage products, said: “We’re making rate cuts across the majority of our fixed rate mortgage range with a number of sub-4% products and a market-leading rate for home movers.”
“These changes will put Nationwide firmly on the radar for all borrower types as we aim to position the country’s largest building society as one of the most competitively priced lenders in the market.”
Call to Action
Nationwide’s new rates became effective on Wednesday, 5 November, and borrowers are encouraged to act quickly to take advantage of the reduced mortgage prices.
Author’s summary: Nationwide’s mortgage rate cuts to 3.64% offer some of the most competitive deals in years, benefiting home movers, first-time buyers, and remortgagers alike.