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Nationwide cuts mortgage rates by up to 0.25%

25 June 2026

Reductions for new and existing customers across first-time buyer, home mover, remortgage and switcher ranges
Third time that Nationwide has cut mortgage rates in June
Nationwide’s lowest fixed rate now 4.19% for new and existing customers looking to move home

Nationwide is again cutting rates across its fixed mortgage range for new and existing customers. The new rates are effective from tomorrow, Friday 26 June, and will support first-time buyers, home movers as well as people remortgaging or looking for a new deal with Nationwide.

Rates will be reduced by up to 0.25 percentage points across two, three, five and ten-year fixed rate products. This now means Nationwide’s lowest fixed rate1 now stands at 4.19%.

The new rates include:

First-time buyers: reductions of up to 0.18% across two, three, five and ten-year fixed rate products up to 95% LTV, including:

Three-year fixed rate at 75% LTV with a £999 fee is 4.69% (reduced by 0.15%)
Five-year fixed rate at 85% LTV with a £999 fee is 4.62% (reduced by 0.05%)
Two-year fixed rate at 90% LTV with a £999 fee is 4.82% (reduced by 0.05%)

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.2

Remortgage: 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 £999 fee is 4.49% (reduced by 0.12%)
Three-year fixed rate at 75% LTV with no fee is 4.94% (reduced by 0.25%)
Five-year fixed rate at 60% LTV with a £999 fee is 4.59% (reduced by 0.05%)

Switcher (for existing Nationwide customers coming to the end of their current mortgage deal): reductions of up to 0.14% across two, three and five-year fixed rate products up to 90% LTV, including:

Two-year fixed rate at 60% LTV with a £999 fee is 4.44% (reduced by 0.12%)
Three-year fixed rate at 75% LTV with no fee is 4.94% (reduced by 0.05%)
Five-year fixed rate at 60% LTV with a £999 fee is 4.54% (reduced by 0.05%)

These latest changes continue Nationwide’s existing mortgage customer pricing pledge, meaning that all switcher product rates will be the same as or lower than the remortgage equivalents.

Existing and new customers moving home: reductions of up to 0.15% across two, three, five and ten-year fixed rate products up to 95% LTV, including:

Two-year fixed rate at 90% LTV with no fee is 4.89% (reduced by 0.10%)
Two-year fixed rate at 60% LTV with a £1,499 fee3 is 4.19% (reduced by 0.10%)
Five-year fixed rate at 90% LTV with a £999 fee is 4.69% (reduced by 0.05%)

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.

Henry Jordan, Nationwide’s Group Director of Mortgages, said:

“We’re delighted to be making another set of rate cuts this month. As an all-round lender, we’re committed to supporting all borrower types, and these latest reductions will help ensure Nationwide remains a strong choice for new and existing customers – whether they’re buying their first home, moving to their next, or looking for a new deal.”