Mortgage Strategy - Nationwide launches lowest rate at 3.50%, Clydesdale trims prices

Nationwide has cut rates across its fixed rate mortgage range for first-time buyers and those looking to move home, effective tomorrow (15 January).

These latest changes will see rates reduced by up to 0.20% across two-, three- and five-year fixed rate products with Nationwide’s lowest rate now standing at 3.50%.

Trinity Financial product and communications director Aaron Strutt states: “Nationwide has made fixed rate price reductions swiftly following HSBC and NatWest’s latest price cut announcements. Nationwide is not messing about with its new market leading two-year fix at 3.5% and 3.70% five-year fix for home movers with 40% deposits.

“We expected to start this year with the lenders cutting their rates and making them more attractive to borrowers and that’s exactly what is happening. Santander recently put its rates up and I suspect they will come down again soon.

“These price cuts are good news for borrowers especially with so many looking to get on the property ladder this year or remortgage onto cheaper deals. It is shaping up to be a positive 2026 in terms of price reductions and the 7,000+ rates available through the banks and building societies. There is no doubt the mortgage lenders are open for business.”

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The information contained within was correct at the time of publication but is subject to change.

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