This follows last week’s decision by the Bank of England’s Monetary Policy Committee to decrease the Base Rate by 0.25%.
Nationwide's Base Mortgage Rate will be 5.89% and it says it will be around 0.60% lower than the standard variable rates of most other major high-street lenders.
Nationwide’s mortgages are available to new and existing customers. Flexible features are available on all new Nationwide mortgages, including the options to overpay, underpay or take a payment holiday. Nationwide has very competitive fixed rate mortgages and does not impose a Higher Lending Charge for high percentage borrowing.
Nationwide’s savings rates are under review and an announcement will follow.
