Overview

• Nationwide's new five-year fixed mortgage rate for new customers with a 40% deposit is set at 3.99%.
• Other lenders have also been lowering rates, anticipating a central bank rate cut due to falling inflation.
• This marks the first time Nationwide has offered sub-4% rates since February.
• The average five-year fixed homeowner mortgage rate has decreased to 5.40%, down from 5.47%.
• Economists are divided on whether the Bank of England will cut rates in August or September.