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Nationwide makes major change 'effective tomorrow' and millions will benefitNationwide will be reducing rates by up to 0.12 percentage points across selected two, three and five-year fixed
rate products with the new rates effective from tomorrow, Thursday, 5 June.NewsChristian Abbott Audience Writer15:32, 04 Jun 2025Nationwide will be reducing rates by up to 0.12 percentage
points across selected two, three and five-year fixed rate products with the new rates effective from tomorrow, Thursday, 5 June. Nationwide is making a major bank account change "effective
tomorrow" with millions of customers set to be impacted. Nationwide will be reducing rates by up to 0.12 percentage points across selected two, three and five-year fixed rate products with
the new rates effective from tomorrow, Thursday, 5 June.
Nationwide’s new lowest lending rate now stands at 3.90%, with reductions also made for those remortgaging to the Society. Rates for existing customers switching, which are not changing,
already start from 3.84%.
New customers moving home will see reductions of up to 0.10% across two, three and five-year fixed rate products up to 90% LTV. Existing customers moving home will see reductions of up to
0.10% across two, three and five-year fixed rate products up to 90% LTV.
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Remortgage customers will benefit from reductions of up to 0.12% across two, three and five-year fixed rate products up to 85% LTV with rates starting from 3.92%.
Article continues below The latest changes again demonstrate how Nationwide continues to offer existing customers who are moving home the same or lower rate than the equivalent rates
available for new customers, the building society has said.
Carlo Pileggi, Nationwide’s Senior Manager – Mortgages, said: “These latest reductions will be welcome news for borrowers.
"We remain as committed as ever to supporting all areas of the market, whether it’s first-time buyers, home movers or those looking for a new deal, and with our reduced rates starting from
3.90%, we aim to be front of mind.”
Article continues below Examples of rate changes include a two-year fixed rate at 60% LTV with a £1,499 fee is 3.90% (reduced by 0.09%), two-year fixed rate at 75% LTV with a £999 fee is
4.04% (reduced by 0.05%) and five-year fixed rate at 85% LTV with a £999 fee is 4.29% (reduced by 0.05%).
Other rate changes include a two-year fixed rate at 60% LTV with a £1,499 fee is 3.90% (reduced by 0.09%) and two-year fixed rate at 75% LTV with a £999 fee is 4.04% (reduced by 0.05%).
Five-year fixed rate at 85% LTV with a £999 fee is 4.29% (reduced by 0.05%) was listed as another example.