Nationwide Building Society has reduced its mortgage rates for the third time in June 2026, according to a report from This is Money on June 25, 2026. The latest cuts include a five-year fixed rate for homebuyers with a 40% deposit now at 3.99%, down from 4.19%.
Other reductions include a two-year fixed rate for remortgaging at 4.29% (down from 4.49%) and a five-year fixed rate for first-time buyers with a 15% deposit at 4.49% (down from 4.69%). These changes follow similar cuts earlier in the month, as lenders compete for business amid expectations of further Bank of England base rate reductions.
Brokers have advised borrowers to consider locking in deals now, as rates may not fall much further. David Hollingworth of L&C Mortgages told This is Money: 'Rates are still volatile, but these cuts show lenders are keen to attract borrowers. If you find a good deal, it may be worth securing it.'
The Bank of England's base rate currently stands at 4.5%, with markets pricing in a potential cut to 4.25% in August 2026. However, inflation remains above the 2% target, which could slow the pace of reductions.
