The changes put Nationwide’s 70% loan to value, 5-year fixed rate at 3.69% with a £900 product fee and £99 booking fee. There is a £500 product fee discount for first-time buyers.
Other rates up to 85% LTV are also available.
Martyn Dyson, head of mortgages at Nationwide, said: “We know from our mortgage consultants and brokers that 5-year fixed rate products are popular with borrowers, so our latest rate reduction ensures our deals continue to be amongst the most competitive in the market place.”
