Nationwide has cut mortgage prices, with its lowest rate now at 4.19 per cent, as it competes for more customers.
The deal – a two-year fix for those moving home with a 40 per cent deposit – is the lowest fixed mortgage rate seen since March. Customers will also have to pay a fee of £1,499.
The building society has cut multiple other deals too by up to 0.25 percentage points, following other lenders that have reduced prices in the past two weeks, including Barclays.
Prices are still well above the rates they were in February before the war in Iran started, but reductions have been steady over the last two months as oil prices have reduced and multiple Bank of England interest rate hikes in 2026 appear less likely.
But is there any space for further cuts, or have rates bottomed out for now?
