Overview
- Nationwide cut fixed mortgage rates by up to 0.25 percentage points across two-, three-, five- and ten-year deals, with changes effective 5 November.
- Headline offer includes a 3.64% two-year fix for home movers at 60% LTV with a £1,499 fee, which applies only to loans of at least £300,000.
- Existing customers nearing the end of a deal can access a fee-free two-year fix at 4.79% with a 10% deposit, reflecting the largest cut in the tranche.
- The lender broadened its interest-only criteria, now accepting UK savings, investments, pensions and other properties as repayment sources.
- Moneyfacts reports average five-year fixes dipping below 5% as rivals reprice, with Lloyds/Halifax rolling out new deals and Nationwide’s TMW trimming buy-to-let rates by up to 0.30 points from Thursday, ahead of the BoE rate call.