Tracie Pearce, Nationwide’s head of mortgages, said: “I’m pleased to announce that we have reduced rates on all fixed rates and tracker rates for those customers with at least a 30% deposit.
“These latest reductions mean Nationwide is now offering the lowest fixed rates in the Society’s history.
“The cuts of up to 0.10% could benefit those buying a house or remortgaging. In particular, our three year fixed rate mortgages available to 60% LTV at 2.49% are now among the lowest rates in the market.”
Key highlights of the cuts include a new 2.24% 2-year fixed rate, a 2.49% 3-year fixed rate and a 2.89% 5-year fixed rate. All three products are available up to 60% LTV.