Overview
- Nationwide, which cut selected fixed deals on Tuesday by up to 0.36 percentage points, set a new low headline rate of 4.35%.
- The steepest cuts target first-time buyers and higher loan-to-value loans, with £500 cashback plus an optional £500 Green Reward for energy‑efficient homes.
- Existing Nationwide borrowers who move home can access the same or lower rates than new customers.
- NatWest, Santander and Virgin Money also lowered pricing in recent days, with brokers saying lenders are competing to rebuild deal pipelines in a slow market.
- For a £300,000 mortgage over 25 years, a 0.36 point drop on a five‑year fix trims payments by about £60 a month, or roughly £3,500 over the deal.