Nationwide cuts rates for first-time buyers by 0.17%

Nationwide has announced it is reducing its two and three-year fixed rates between 75% and 95% LTV by up to 0.17 percentage points.

The changes come into effect from today, the society confirmed.

The 0.17% reduction is open to first-time buyers and comes with a two-year fixed rate at 1.62% and 85% LTV, with a £1,499 fee.

For the society’s existing members moving home, Nationwide is reducing rates by up to 0.11% on selected two and three-year fixed products between 75% and 95% LTV. The society is also reducing selected further advance, family deposit mortgage and switcher rates by up to 0.11%.

Nationwide’s first-time buyer mortgages come with £500 cashback, while those looking to remortgage to the society can choose between £500 cashback or free standard legal fees.

“By improving the competitiveness of our two and three-year fixed rate products, we are aiming to support those mortgage customers with smaller deposits who are looking for payment security,” said Nationwide director of Mortgages, Henry Jordan.

    Share Story:

Recent Stories

Deep Neural Networks for FX Prediction
Adam Cadle speaks to Richard Turner Head of Research and Mike Emambakhsh, Ph.D. Senior Research Scientist at Mesirow Currency Management about their work with Machine Learning, specifically Deep neural networks for FX prediction.


Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.