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- It is also suspending the sale of tracker deals indefinitely from 8pm tomorrow .
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It is offering a five-year fix at 5.39percent (75percent LTV) with a 4,995 fee. There is a five-year fixed rate for purchase and remortgage at 4.4percent (65percent LTV) with a 1,999 fee. The Mortgage Works , Nationwide’s specialist lending arm, is cutting rates across its range by up to 0.5 percentage points. Its five-year buy-to-let fix is now 3.99percent with a 3percent fee (65percent LTV). Zephyr Home Loans, the specialist buy-to-let provider, is cutting its tracker product rates by up to 0.4 percentage points. It is offering a lifetime tracker deal at Bank of England Bank Rate plus 1.69percent, giving a starting pay rate of 5.94percent (65percent LTV).
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The bank says its five-year fixed rate will be priced at 3.99percent after a 0.25 percentage point cut (60percent LTV). From tomorrow , starting costs for five-year fixed rate mortgages at Nationwide will be pegged down by 0.19 percentage points to 3.99percent. Santander is also cutting other fixed residential mortgage rates by up to 0.5 percentage points and buy-to-let rates by up to 0.3 percentage points, from tomorrow.