Overview

• The building society reduced selected two-, three- and five-year fixed deals by up to 0.18 percentage points, effective September 19 for new applications.
• The changes apply to new and existing customers, with first-time buyer products cut by up to 0.18% on options available up to 95% loan-to-value.
• Nationwide’s cheapest deal is now a two-year fix at 60% LTV priced at 3.80% with a £1,499 fee, and other examples include a three-year fix at 85% LTV at 4.34%.
• Existing customers moving home are offered the same or lower rates than equivalent new-customer deals, with reductions of up to 0.16% on selected options.
• Subsidiary The Mortgage Works cut buy-to-let and limited company rates by up to 0.15% from September 18, including a two-year fix at 3.87% with a 3% fee up to 75% LTV.