Nationwide lowest 10 year fixed rate mortgage

Nationwide lowest 10 year fixed mortgage rate

Nationwide has applied reductions to the majority of its fixed rates this week, some of which have been cut by up to 0.2%. This includes the lenders 10 year fixed rate, which now starts from 2.79% with a £999 product fee, or 2.89% with no fee up to 60% loan to value (LTV).

Two year fixed rates have also been reduced, now starting from 1.49% with a £999 fee and 1.89% with no fee. Three year fixed rates also witnessed reductions to 1.79% with a £999 fee or 2.09% with no fee, while the lender’s range of five year fixed rates have been reduced to 2.14% with a £999 fee or 2.34% with no fee.

Rates for Nationwide’s two year tracker products now stand at 1.29% following the Bank of England base rate drop to 0.25%, which comes with a £999 fee or a rate of 1.69% with no fee.

Existing Nationwide customers can also now receive £250 cashback when taking out a new mortgage deal, as well as benefitting from a 0.1% discount for new customer rates.

All standard mortgage valuations are also now fee-free, with first time buyers receiving a generous £500 cashback to help aid the cost of moving.

Elsewhere, Mansfield Building Society has launched a new five year fixed rate at 4.25%, in a bid to attract first time buyers, with house purchase products now available up to 95% LTV with no completion fee, as well as offering remortgages up to 90% LTV.

The lender has also introduced a new range of two and three year fixed products, with completion fees starting from £300, these all come with free valuation and legal fees.

New products include:

  • five year fixed rate at 4.25% up to 95% LTV – (house purchases only)
  • three year discounted rate at 3.49% up to 95% LTV – (for house purchases only)
  • two year fixed rates at 2.89% up to 90% LTV
  • two year discounted rate at 2.69% variable at 80 to 90% LTV
  • two year discounted at 2.15% variable up to 80% LTV


Arrange to speak to an Enness Broker