Overview
- The building society is repricing most two-, three-, five- and 10-year fixed deals from 5 November, with reductions of up to 0.25 percentage points across multiple loan-to-value tiers.
- A headline two-year fix for home movers at 60% LTV drops to 3.64% with a £1,499 fee, and fee-bearing versions of these products require a minimum £300,000 loan.
- Remortgage customers at 60% LTV can secure 3.79% with a £1,499 fee, while an internal switcher option at 90% LTV is 4.79% with no fee after a 0.25-point cut.
- Nationwide is expanding interest-only availability to 75% LTV, or 85% for part interest-only applications, and it will accept repayment from UK savings, investments, pensions or other properties.
- The move lands as Moneyfacts reports average mortgage rates dipping back below 5% in November and as rivals adjust terms, including HSBC lifting its maximum loan-to-income for Premier customers.