Overview
- Nationwide will reduce fixed rates by up to 0.20 percentage points for new and existing customers starting Thursday, 15 January.
- Its new headline offer is a 3.50% two‑year fix for home movers at 60% loan‑to‑value with a £1,499 fee.
- The 3.50% deal is the cheapest broadly available fix, with only Lloyds’ 3.47% rate for Club Lloyds account holders priced lower.
- First‑time buyers see cuts of up to 0.17 percentage points across two‑, three‑ and five‑year fixes up to 95% LTV, plus £500 cashback on completion and an optional Green Reward for energy‑efficient purchases.
- HSBC plans further residential rate reductions to be detailed Thursday in its second cut this month, following earlier moves from Barclays and Halifax and as around 1.8 million borrowers approach the end of fixed deals in 2026.