Nationwide Building Society cuts mortgage interest rates in boon for homeowners - full list of changes
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Nationwide is slashing mortgage rates once again
NATIONWIDE/GETTY
Nationwide is slashing mortgage rates once again
Nationwide Building Society has cut interest rates across its line of mortgage products by up to 0.25 per cent in a boon for homeowners and prospective property buyers.
As of today, the financial institution is offering reduced rates on its range of two, three and five-year fixed rate mortgages with the lowest rate now sitting at 3.99 per cent.
New customers moving home
Here is a full list of Nationwide's new mortgage rates for new customers moving home with reductions of up to 0.23 per cent:
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The high street lender is making changes to its mortgage range
NATIONWIDE BUILDING SOCIETYFirst-time homebuyers
Here is a full list of Nationwide's mortgage rates of first-time buyers with reductions of up to 0.24 per cent:
Remortgage
Here is a full list of Nationwide's mortgage rates for those looking to remortgage with reductions of up to 0.17 per cent:
On top of this, Nationwide Building Society Nationwide has confirmed it is slashing some two, three and five-year switcher rates up to 95 per cent LTV by up to 0.25 per cent.
Furthermore, the high street lender is cutting rates mortgage rates for existing customers moving house by up to 0.23 per cent on selected two, three and five-year fixed rate products up to 95 per cent LTV.
LATEST DEVLOPMENTS:
The Bank of England base rate is currently at a 16-year high
GB NEWSHenry Jordan, the building society's director of Home, outlined why homeowners and buyers need to take advantage of Nationwide's latest round of deals.
He explained: "These latest rate cuts and the reintroduction of a sub-four per cent product further reinforce our position as one of the most competitive lenders in the market.
"We’ve made rate reductions across our fixed rate mortgage range because, as the country’s largest mutual, we want to maintain our support for all types of borrowers through attractively priced products, whether it be home movers, first-time buyers or those looking to remortgage or switch their deal.”
The Bank of England's Monetary Policy Committee (MPC) is next set to make an announcement regarding interest rates on August 1.