Nationwide launches lowest ever mortgage rate of 0.87%

Essex Home Finance
Nationwide is reducing selected fixed and tracker rates across its range by 0.40%.
The latest Finance and Property News2

Nationwide is reducing selected fixed and tracker rates across its range by 0.40% in a move that will see the Society launch its lowest ever mortgage for new lending at 0.87%.

The 0.87% rate is available on a two-year fix at 60% LTV with a £1,499 fee, while a two-year tracker at 60% LTV has been reduced by 40bps to 0.99% with a £999 fee.

At 75% LTV, a two-year fixed rate is now available at 1.00% with a £1,499 fee.

For first-time buyers, a three-year fixed rate at 95% LTV has been cut by 0.25% to 2.99% with a £999 fee.

Remortgage products have also seen reductions of up to 40bps, with the largest reduction to a 60% LTV two-year tracker at 0.99%.

For the Society’s existing members moving home, Nationwide is reducing rates by up to 0.40% on selected fixed and tracker products up to 95% LTV.

Nationwide is also reducing selected further advance, family deposit mortgage and switcher rates by up to 0.32% and selected shared equity rates by up to 0.20%.

Henry Jordan, Nationwide’s director of mortgages, said: “As one of the largest lenders in the UK we always keep our rates under review to ensure we can maintain our competitive position in the market. These latest reductions see the Society launch its lowest ever new lending mortgage rate, which will offer those looking for a new deal one of the best rates available. However, reductions have been made at all loan to value levels so whether someone is buying a new home, remortgaging their existing property or getting a further advance to improve their home we have a range of mortgages on offer to suit their needs.”

Original Article from Financial Reporter 02/09/21

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.