Fixed rates with reservation fee/ Fixed rates without reservation fee
- 2 year fixed rate available from 4.69% (previous rate 4.95%)/ from 5.09% (previous rate 5.35%)
- 3 year fixed rate available from 4.89% (previous rate 5.09%)/ from 5.29% (previous rate 5.49%)
- 5 year fixed rate available from 4.89% (previous rate 5.09%)/ from 5.29% (previous rate 5.49%)
- 10 year fixed rate available from 4.99% (previous rate 5.09%)/ from 5.39% (previous rate 5.49%)
All Nationwide’s new fixed rate and tracker mortgages allow borrowers the additional flexibility to overpay or underpay during the deal period and are available to all borrowers. Nationwide will withdraw its current range of fixed rate mortgage products from close of business on 23 May.
Stuart Bernau, Nationwide’s executive director said: “Our competitive fixed rate mortgages are now some of the lowest available, which is great news for homebuyers and people looking to remortgage. For example, in comparison to the Halifax’s deals, our two year fixed rate product is now at least 40 basis points lower, saving borrowers a minimum of £556 on a £100,000 mortgage over the two year period. With Nationwide, borrowers’ savings will also continue into the future as our standard variable rate betters the major players in the mortgage market by 75 basis points.”
