West Brom, Yorkshire, and Ecology go the opposite way by cutting rates

Nationwide Building Society has increased selected fixed mortgage rates by up to 0.25%, while three other mutual lenders have moved in the opposite direction, announcing rate reductions across various mortgage products.
The rate hike affects fixed rate deals for new business and existing customers moving home, spanning two-, three-, and five-year terms at varying loan-to-value (LTV) tiers and fee levels.
Rates for switcher and additional borrowing products remain unchanged. Full details of the latest rate changes are available on Nationwide’s intermediary website.
The move comes as several other lenders have gone the other way, cutting rates to attract buyers amid increased market competition.
West Brom Building Society has introduced reductions of up to 0.23% across its three-year fixed mortgage range, primarily aimed at first-time buyers and movers with smaller deposits. Updated pricing includes a 90% LTV three-year fix with a £999 fee now at 4.67%, and a no-fee version at 4.88%.
At 95% LTV, rates have dropped to 4.98% with a £499 fee and 5.08% with no fee. A new three-year fixed product at 95% LTV for new build homes is also being launched, priced at 5.12% with a £499 fee.
Yorkshire Building Society also implemented rate cuts of up to 0.44% across selected mortgage deals. A notable change includes a two-year fixed rate at 95% LTV now priced at 4.84%, down from 5.25%. For remortgages, the two-year fixed up to 85% LTV now sits at 4.43%, while the 80% LTV equivalent is 4.36%. The society also reduced the rate on its £5K Deposit Mortgage for first-time buyers by 0.21% to 5.48%.
Meanwhile, Ecology Building Society has reduced its variable self-build mortgage rate by 0.25%, bringing it to 6.24%. The product is open to a range of self-builders, including those using non-standard construction methods and low-carbon materials.
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