Nationwide lowest 10 year fixed rate mortgage

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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