Nationwide lowering mortgage rates despite base rate staying at 4.5%

by Aaron Strutt

Mar 20 2025

Nationwide for Intermediaries has announced that it is lowering some of its fixed rate rates by up to 0.26% from Friday, 21 March, despite the base rate sticking at 4.5%.

The lender is lowering rates across its new business and existing customer moving home product ranges.

Aaron Strutt, product director at Trinity Financial, says: “Nationwide lowering its rates despite the Bank of England base rate staying at 4.5% shows how keen big lenders are to issue more mortgages and that fixes are still coming down.

These rate changes target borrowers with smaller deposits, boosting first-time buyers and the many borrowers keen to get on the property ladder this year.

Which lenders offer the most competitively priced rates?

Some lenders offering sub-4% five-year fixed rate mortgages include HSBC, Barclays and Nationwide for Intermediaries. The most competitively priced two-year fixes are priced at around 4.2%.

To access many of the lowest rates, borrowers either need to be higher earners or purchase properties with higher energy performance certificate ratings of A or B.

Do the mortgage rates change depending on the size of your deposit?

Applicants will need a 35% or 40% deposit to access the lowest rates, but the rates are not much more expensive when you have a 15% deposit. There is a jump in price for those able to put down a 5% or 10% deposit.

Call Trinity Financial on 020 7016 0790 to secure a mortgage, book a consultation, or complete our mortgage questionnaire. 

The information contained within was correct at the time of publication but is subject to change.

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