View more on these topics

Nationwide cuts entire fixed rate range by up to 0.20%


Nationwide is cutting most of its fixed rate mortgages by up to 0.20 per cent.

The cuts apply to the lender’s two-, three-, five- and ten-year fixes.

The two-year fixed rate products start at 1.49 per cent with a £999 fee and 1.89 per cent with no fee.

The three-year fixes begin at 1.79 per cent with a £999 fee and 2.09 per cent with no fee.

Meanwhile the five-year range starts at 2.14 per cent with a £999 fee and 2.34 per cent with no fee.

The lender’s ten-year range now start from 2.79 per cent with a £999 fee and 2.89 per cent wutg no fee for a 60 per cent LTV loan.

The lender is also passing on last week’s 0.25 per cent Bank of England base rate cut to its variable rate mortgage book.

For new customers, from 10 August, rates for the two-year tracker products will start at 1.29 per cent with a £999 fee and 1.69 per cent with no fee.

Nationwide head of mortgages Henry Jordan says: “Following the cut in the Bank of England base rate, we have already passed on the benefit in full to those customers on our BMR and SMR rates. Now we are reducing fixed rate deals for those looking for competitive rates and payment security over a wide range of terms and size of deposit.

“Standard valuations remain fee-free for all customers and Nationwide main current account customers can access a cashback of £250, both irrespective of which product they choose.”



Nationwide increases maximum age to 85

Nationwide Building Society is extending the maximum age for borrowing to 85 for borrowers who are already in retirement and receiving a pension income. Previously the maximum age for all borrowers was 75. The lower age threshold still applies to those not currently in retirement. The higher age threshold will apply to both existing mortgage […]


National Counties BS launches expat mortgage

National Counties Building Society is launching an owner-occupier mortgage for UK expatriates. The loan is designed for UK nationals working abroad and also anyone in the UK paid in foreign currency, either wholly or partly. The loan is interest-only and borrowers need a sound repayment plan using UK-based Sterling assets. If borrowers’ circumstances change then […]

Bricks building housing construction

House prices up 0.2 per cent in June: Nationwide

House prices rose 0.2 per cent cent in June to £204,968 on average, according to the latest Nationwide house price index, House prices were up 5.1 per cent year on year. Nationwide chief economist Robert Gardner says: “The rate of annual UK house price growth has remained fairly stable over the past twelve months, confined […]

Neptune Global Income: Is Japan the best dividend market in the world?

By George Boyd-Bowman, Fund Manager at Neptune The Neptune Global Income Fund seeks exposure to the very best – and often overlooked – income opportunities from across the world. Unconstrained by benchmarks, the fund currently has 24 per cent invested in Japan, differentiating the high conviction portfolio from many of its peers. Watch Neptune Fund […]


News and expert analysis straight to your inbox

Sign up