Nationwide cuts fixed mortgage rates by up to 15bps from 18 August, taking its lowest rate back below 4.5%
Nationwide cut fixed rates by up to 0.15% across two-, three- and five-year products from 18 August, taking its lowest home-mover rate to 4.48%. The move follows easing swap rates, which underpin fixed-rate pricing, and builds on cuts made earlier this month. For buyers — particularly first-time buyers at 95% LTV — it modestly widens what is affordable; for sellers, it helps support demand through a quiet August. This is one lender trimming at the margins, not a broad repricing.
What this means for…
Buyers· 2/3
Sellers· 1/3
Wider market· 2/3
Each axis scored 1 (minor) to 3 (major). Total 5/9.
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Average five-year fix reaches 5.88%, the highest since October 2023, after a week of lender rate rises
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