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Nationwide annouces rate reductions

ended 23. April 2026

Nationwide has announced that, from tomorrow, Friday 24 April, it is reducing selected fixed rates by up to 0.25%. This includes rates across their First Time Buyer, Home Mover and Existing Customers Moving Home ranges.

Nationwide joins a number of high street lenders who are cutting rates. With Sonia Swap rates lower than their recent highs in mid-March, we still have not seen a resolution to the conflict in the Middle East. Could these cuts be short-lived? 


 

5 responses from the Newspage community

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Riz Malik
Independent Financial Adviser at R3 Wealth
Lenders are reacting to more favourable market pricing and are passing it on to their customers. It is very clear that lenders want to lend, but we are not out of the woods yet. These cuts could be a short window of opportunity, especially if the ceasefire doesn't hold. These cuts are a welcome relief to a mortgage market that is still recovering from a shock that came out of nowhere.
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Aaron Strutt
Product and Communications Director at Trinity Financial
Nationwide’s last mortgage rate change was on the 1st April and while its rates were pretty much market leading at the time, they didn’t look great. This time Nationwide has gone one step further than its competitors by offering two-year fixes from 4.50%, three-year fixes from 4.68% and five-year fixes also from 4.68%. Its tracker rates look good as they start from 4.14%. While it is great to see rates come down again, the only question is how long it will be before the lender has to increase them. The cost of funding has increased and lenders often do not wait that long to pass on any increases to borrowers.
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Justin Moy
Managing Director at EHF Mortgages
Timely rate cuts from Nationwide, alongside Halifax and BM Solutions, this afternoon. A sense of stability over the conflict at the moment, probably coupled with the mortgage market grinding to a halt, has allowed lenders to make some decent rate cuts in the last few days. Are we out of the troubles? Not yet, there is still much that can happen that may turn these rate cuts upside down, so those now in the shop window for a new mortgage deal need to jump in, just in case.
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Richard Davidson
Mortgage Advisor at onlinemortgageadvisor.co.uk
Nationwide's move is a sign that the mortgage market is really starting to move back to a more normal state. It is a positive move from the leading mortgage lender in 2026. It shows that lenders are confident both in the short and longer-term future and do not think the international picture will have as big an impact as they feared. Long may this continue, as we are a way off the February lows.
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Dariusz Karpowicz
Director at Albion Financial Advice
Nationwide stepping in with cuts up to 0.25% from Friday is exactly the nudge this market needed, though let us not pretend the all-clear has sounded. Two-year fixes from 4.50%, five-year fixes from 4.68%, and trackers kicking off at 4.14% put them ahead of the pack, at least until the next lender reshuffles the deck.
The catch? Swap rates have eased, but the Middle East situation is far from settled and funding costs could bounce back within days. If you are remortgaging or buying, get your application in now. These windows tend to slam shut faster than they open.