Thank you for subscribing!
Mortgage rates, including at Nationwide Building Society, are beginning to come down following a recent announcement from the Bank of England
Nationwide Building Society has announced a major change to its line of mortgage products in a win for homeowners and prospective homebuyers.
The high street lender is cutting interest rates by up to 0.25 percentage points across selected two, three and five-year fixed rate products from February 28.
As a result, Nationwide’s lowest mortgage rate now sits at 3.99 per cent, which is available to current customers who want to switch deals or those looking to remortgage.
This comes after the Bank of England's recent decision to slash the base rate from 4.75 per cent to 4.5 per cent, easing the cost of borrowing.
Analysts are pricing in further interest rate cuts throughout the year with lenders likely to make changes to their mortgage offerings in response.
Here is a full list of the changes to switcher deals following Nationwide Building Society's latest cut to mortgage rates:
Here is a full list of changes to remortgage deals following Nationwide Building Society's latest cut to mortgage rates:
Here is a full list of the changes for first-time buyers following Nationwide Building Society's latest cut to mortgage rates:
Here is a full list of the changes for customers moving home following Nationwide Building Society's latest cut to mortgage rates:
Carlo Pileggi, Nationwide’s senior manager for Mortgages, said: "Our third set of rate cuts in three weeks should come as great news for borrowers.
"We remain as committed as ever to supporting all segments of the market, including those buying their first home or moving to their next.
"With our switcher and remortgage rates starting from 3.99 per cent, we aim to be front of mind for those looking for a new deal too."
The Bank of England's next base rate announcement is scheduled to take place on March 20.
