Nationwide cuts fixed mortgage rates by up to 0.15 percentage points

Nationwide Building Society announced on 17 August 2026 that it is reducing rates across its fixed mortgage range, with the changes taking effect the following day, Tuesday 18 August¹. The cuts apply to new and existing customers across first-time buyer, home mover and remortgage products, with reductions of up to 0.15 percentage points¹.

The society said its lowest fixed rate now stands at 4.48%, available to new and existing customers looking to move home on a two-year fixed product at 60% loan-to-value with a £1,499 fee, reduced by 0.04 percentage points¹. The minimum loan size on £1,499 fee products is £300,000¹.

For first-time buyers, reductions run to 0.10 percentage points across two, three and five-year fixed products up to 95% LTV¹. For existing and new customers moving home, reductions also run to 0.10 percentage points across the same terms and LTV ceiling¹. Remortgage products are reduced by up to 0.15 percentage points across two, three and five-year fixes up to 90% LTV¹.

Borrower type	Example product	New rate	Reduction
First-time buyer	Five-year fix, 90% LTV, £999 fee	4.82%	0.07 points
First-time buyer	Three-year fix, 60% LTV, no fee	4.99%	0.09 points
First-time buyer	Two-year fix, 95% LTV, no fee	5.34%	0.10 points
Home mover	Five-year fix, 90% LTV, £999 fee	4.81%	0.07 points
Home mover	Two-year fix, 60% LTV, £1,499 fee	4.48%	0.04 points
Home mover	Three-year fix, 95% LTV, £999 fee	5.24%	0.10 points
Remortgage	Five-year fix, 60% LTV, no fee	4.79%	0.10 points
Remortgage	Three-year fix, 60% LTV, no fee	4.94%	0.15 points

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

"We're pleased to announce a further set of rate cuts across our fixed mortgage range, building on the cuts we made at the beginning of August. These latest changes bring our lowest mortgage rate back below 4.5 per cent for new and existing borrowers moving home, whilst also maintaining our support for first-time buyers with smaller deposits and those remortgaging."

Nationwide Building Society, source¹

Nationwide said the changes continue its existing mortgage customer pricing pledge, under which switcher product rates for existing customers looking for a new deal will be the same as or lower than the remortgage equivalents¹. It also said existing customers moving home continue to be offered the same or a lower rate than the equivalent rate available to new customers¹.

First-time buyers receive £500 cashback when they complete their mortgage with Nationwide, and first-time buyers and home movers can receive up to £500 through the society's Green Reward if they buy an energy-efficient property¹. Under that scheme, homes with an SAP rating of 92 or above (EPC-A) attract £500, while those rated SAP 86 to 91 (high EPC-B) attract £250; for first-time buyers the Green Reward is in addition to the £500 completion cashback¹.

Why it matters for households

The reductions apply from 18 August 2026 to new and existing Nationwide customers taking first-time buyer, home mover or remortgage fixed products¹. For someone borrowing at one of the listed products, the change lowers the headline rate by between 0.04 and 0.15 percentage points, depending on the term, LTV and fee¹. The lowest advertised rate of 4.48% carries a £1,499 fee and requires a minimum loan of £300,000, so it is not available on smaller loans¹.

The cashback terms are unchanged by this announcement: £500 on completion for first-time buyers, and Green Reward payments of £250 or £500 depending on the property's energy rating¹. Nationwide describes itself as the world's largest building society, with over 19 million members, and says that following its acquisition of Virgin Money UK PLC it is connected with one in three people in the UK and is the second largest provider of mortgages and retail deposits¹.

What happens next

The new rates took effect on Tuesday 18 August 2026¹. Nationwide has not reported any further rate changes beyond this set. Full details of the rates across its mortgage range are published on its intermediary rate changes page¹.

Sources1 cited