Rates start from 4.49% for its five- and 10-year fixed rate switcher products
Nationwide Building Society has announced that it is reducing its rates again on selected five- and 10-year fixed rate switcher mortgage products.
From Wednesday, December 14, the lender’s rates on its five-year fixed rate switcher products at 60% and 75% loan-to-value (LTV) will be cut by up to 0.20%, including:
- 60% LTV now 4.49% with a £999 fee (reduced by 0.15%)
- 75% LTV now 4.54% with a £999 fee (reduced by 0.10%)
According to Nationwide, all of its 10-year fixed rate switcher products up to 95% LTV will see reductions of up to 0.40%, including:
- 60% LTV now 4.49% with a £999 fee (reduced by 0.35%)
- 60% LTV now 4.59% with no fee (reduced by 0.40%)
- 95% LTV now 4.64% with a £999 fee (reduced by 0.20%)
Those looking to borrow more can also consider selected five- and 10-year fixed rates on its additional borrowing range, which were also cut by up to 0.40% with five- and 10-year rates starting from 4.49% with a £999 fee.
The rate on green additional borrowing is also being lowered by 0.20%, with the rate now at 4.49%.
Complete details of all rates included in the latest changes can be found on the lender’s website.
“We’re making further reductions as part of our continued effort to support existing members who are coming to the end of their current Nationwide deal,” Henry Jordan (pictured), director of mortgages at Nationwide Building Society, said. “We reduced all fixed rate switcher mortgages to below 5% at the start of November, regardless of tenure and LTV. These latest reductions further enhance the competitiveness of the range and the support that we’re providing our mortgage members.”