Nationwide cuts FTB and homemover rates by up to 0.20%

Essex Home Finance
The new rates include reductions of up to 0.20% across selected two and five-year fixed rate products for first time buyers
The latest Finance and Property News2

Nationwide has announced it is reducing rates on selected mortgages across its range by up to 0.20%.

The new rates include reductions of up to 0.20% across selected two and five-year fixed rate products for first time buyers. For borrowers with a 10% deposit, the two-year fixed rate 90% mortgage has been reduced by 0.15% to 3.24%, with no fee.

At 85% LTV both a two- and five-year fix have been reduced to 2.49% and 3.04% respectively.

A selection of changes to products for new customers moving home have also been made, with reductions of up to 0.15% across selected two and five-year fixed rate products. 

For the Society’s existing members moving home, Nationwide is reducing rates by up to 0.10% on selected two and five-year products up to 90% LTV.

Nationwide is also amending selected further advance, family deposit mortgage, shared equity and switcher rates.

Henry Jordan, Nationwide’s Director of Mortgages, said: 

“These latest rate reductions once again demonstrate our continued support for both first-time buyers and home movers, following on from the recent launch of our Helping Hand and 95% mortgage range. With these competitive rates, we are making sure that, as the UK’s second largest lender, Nationwide remains one of the best options around for all types of borrowers.”

Original Article from Financial Reporter 25/05/2021

Get In touch

Leave this field blank
Mobile / Home Number
Please choose the closest match to your Mortgage Needs
  • Choose
  • First Time Buyer
  • Help To Buy
  • Homemover
  • Remortgage
  • Buy to Let
  • Equity Release
  • Insurance
  • Home Utilities
  • Nothing found
Essex Home Finance

(01245) 398466

Call Anytime

Address : 8 Kingsdale Business Centre, Regina Road, Chelsmford, Essex, CM1 1PE

Essex Home Finance Ltd is an Appointed Representative of Mortgage Intelligence Ltd which is authorised and regulated by the Financial Conduct Authority under number 305330 in respect of mortgage, insurance and consumer credit mediation activities only.

Registered address: 1 High Street, Chelmsford, Essex, CM1 1BE.

Registered in England & Wales under number 10607263.

Your home may be repossessed if you do not keep up repayments on your mortgage.

We do not charge for Residential First Time Buyers, Residential Home Movers, Residential Remortgage, and all Product Transfers (Residential or Buy to Let).

There will be a fee for all Buy to Let Purchase and Buy to Let Remortgage cases. Typically our fee will be £149, payable on Offer. We will agree any fees with you before we proceed with your case.

There will be a fee for all Equity Release Mortgage cases. Typically our fee will be £695, payable on Offer. We will agree any fees with you before we proceed with your case.

We always aim to provide a high quality service to our customers. However, if you encounter any problems and we are unable to resolve them you can take your complaint to an independent Ombudsman. 

Our advice is covered under the Financial Ombudsman Service.  You may be able to submit a claim through the  EU Online Dispute Resolution Platform If you live outside the United Kingdom or if you prefer not to deal directly with the Financial Ombudsman Service.