Mortgage Strategy - Nationwide becomes latest lender to bring back sub-4% fixes
Nationwide will reduce rates by up to 0.25% on its first-time buyer and home mover ranges, with the lowest rate now under 4%.
The rate, effective tomorrow, is available on both the two-year and five-year fixed rate products.
Commenting on the cuts, Trinity Financial product and communications director Aaron Strutt says: “There have been a lot of rate changes and price cuts over the last week as the lenders try harder to attract borrowers. Nationwide has clearly seen NatWest, Halifax and Yorkshire BS lower rates and acted to ensure its mortgages stay competitively priced.”
“Nationwide’s lowest rates are available for mortgages between £300k and £5 million. It is good to see the society offering two, three and five year fixes below 4%.”
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