According to Nationwide’s announcement<\/a> on 3 November, fixed mortgage rates will fall by up to 0.15 percentage points across selected two, three and five-year deals. The reductions cover products for first-time buyers, existing customers moving home and those remortgaging.<\/p>\n\n\n\n For first-time buyers<\/strong>, a two-year fixed mortgage at 85% loan-to-value (LTV), with no product fee, will fall by 0.10 percentage points to 5.48%. Another two-year deal at 60% LTV, carrying a \u00a3999 fee, will decrease by 0.15 percentage points to 5.06%.<\/p>\n\n\n\n First-time buyers will also continue to receive \u00a3500 cashback<\/strong> when completing their mortgage <\/a>with Nationwide. Those purchasing energy-efficient properties may qualify for additional cashback of up to \u00a3500 through the lender’s Green Reward scheme, depending on the property’s energy rating.<\/p>\n\n\n\n Customers moving home<\/strong> will see reductions of up to 0.13 percentage points. Nationwide’s lowest advertised fixed rate will be 4.89% for a five-year mortgage at 60% LTV, subject to a \u00a31,499 product fee.<\/p>\n\n\n\n A two-year fixed deal at 90% LTV, with a \u00a3999 fee, will fall to 5.25%, while a five-year mortgage at 75% LTV, without a fee, will decrease to 5.16%.<\/p>\n\n\n\n Remortgage customers<\/strong> will also benefit from selected reductions. A two-year fixed mortgage at 60% LTV, with a \u00a3999 fee, will fall to 4.99%, while a three-year fee-free deal at the same LTV will decrease to 5.34%.<\/p>\n\n\n\n Nationwide’s head of mortgage products, Carlo Pileggi<\/strong>, said current market conditions were allowing the lender to reduce fixed rates across its range.<\/p>\n\n\n\n Virgin Money, which is owned by Nationwide, is also reducing several fixed mortgage rates from Wednesday. According to the Mirror<\/a>, purchase two-year fixed rates will fall by up to 0.12 percentage points, while five-year deals will decrease by up to 0.13 percentage points.<\/p>\n\n\n\n Shared ownership fixed rates will be reduced by up to 0.10 percentage points. For remortgage customers, two-year fixed rates will fall by up to 0.10 percentage points, with reductions of up to 0.17 percentage points on five-year products.<\/p>\n\n\n\n Nationwide is taking a different approach to a small number of tracker mortgages. Rates on selected two-year tracker deals at 80% LTV and above will increase by up to 0.10 percentage points.<\/p>\n\n\n\n![\"\"](\"https:\/\/en.econostrum.info\/uk\/wp-content\/uploads\/sites\/6\/2026\/11\/Rate-Changes-for-New-Business-\u00a9Nationwide-1200x727.jpg\")
Virgin Money Follows With Reductions As Tracker Rates Increase<\/strong><\/h2>\n\n\n\n
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