Nationwide makes widespread rate reductions

The lender’s 75% loan-to-value 2-year fix stands at 1.84%, its 60% LTV 3-year fix is priced at 1.94% and its 5-year fix stands at 2.24%, all with a £999 fee.

Nationwide has made widespread rate reductions across its fixed rate, tracker, large deposit and shared equity ranges.

The lender’s 75% loan-to-value 2-year fix stands at 1.84%, its 60% LTV 3-year fix is priced at 1.94% and its 5-year fix stands at 2.24%, all with a £999 fee.

Nationwide’s 2-year trackers meanwhile have been reduced to 1.69% to 85% LTV and 2.24% to 90% LTV, both with a £999 fee.

Henry Jordan, Nationwide’s head of mortgages, said: “We are reducing fixed rates for those with larger deposits who are looking for competitive rates and payment security over a range of terms.

“We have also cut some tracker rates and brought selected shared equity products further into line with our core range.

“With the combination of competitive rates and access to additional benefits, Nationwide will continue to offer mortgage customers amongst the best deals on the high street.

“Standard valuations remain fee-free for all customers and Nationwide main current account customers can access a cashback of £250, both irrespective of which product they choose.”

Valuations are now fee free, while first-time buyers can access £500 cashback.