Nationwide cuts mortgage rates for first-time buyers and home movers

23 April 2026

Reductions of up to 0.25 percentage points across fixed rate range for new and existing customers
Nationwide’s lowest rate now 4.50% for new and existing customers looking to move home

Nationwide will be cutting rates across its fixed mortgage range for first-time buyers and home movers, with the new rates effective from tomorrow, Friday 24 May.

These latest changes will see rates reduced by up to 0.25 percentage points across two, three and five-year fixed rate products. This now means Nationwide’s lowest rate1 now stands at 4.50%.

The new rates include:

First-time buyers: reductions of up to 0.25% across two, three and five-year fixed rate products up to 95% LTV, including:

Five-year fixed rate at 90% LTV with a £999 fee is 5.25% (reduced by 0.25%)
Two-year fixed rate at 60% LTV with a £1,499 fee2 is 4.66% (reduced by 0.24%)
Three-year fixed rate at 80% LTV with a £999 fee is 5.05% (reduced by 0.25%)

First-time buyers also receive £500 cashback when they complete their mortgage with Nationwide. First-time buyers and those moving home can also benefit from cashback of up to £500 if they purchase an energy-efficient property through Nationwide’s Green Reward.3

Existing and new customers moving home: reductions of up to 0.25% across two, three and five-year fixed rate products up to 95% LTV, including:

Two-year fixed rate at 60% LTV with a £1,499 fee2 is 4.50% (reduced by 0.16%)
Five-year fixed rate at 80% LTV with a £999 fee is 4.81% (reduced by 0.17%)
Two-year fixed rate at 75% LTV with a £1,499 fee2 is 4.65% (reduced by 0.12%)

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.

Carlo Pileggi, Nationwide’s Head of Mortgage Products, said:

“We’re delighted to be able to make cuts to our mortgage rates to support both first-time buyers and those looking to move to their next home. These changes apply across those ranges, with some of our largest cuts being made on higher loan-to-value mortgages, which will benefit first-time buyers looking to get onto the property ladder.”