Nationwide to cut rates tomorrow

Rates for the 70% loan-to-value 2-year fixed rate product start at 1.54%, while the 75% LTV 2-year fixed rate product starts at 1.64%.

As part of the Nationwide Loyalty Rate Mortgages initiative, which compares the society’s mortgage rates for existing customers to those of its top six high street competitors, selected switcher rates will also be reduced.

Existing mortgage customers already benefit from a 0.10% discount on new customer rates.

The Loyalty Rate Mortgages initiative is only available to Nationwide’s existing mortgage customers who are looking to switch deal.