Nationwide confirms mortgage change which kicks in from Tuesday

NewsCost Of LivingNationwideChanges from Tuesday15:21, 03 Aug 2026Nationwide has confirmed a mortgage change from Tuesday. Nationwide, which has branches in Birmingham, has cut its mortgage rates by up to 0.19% in a "welcome" move and "other lenders will follow" its lead this week, brokers claim.‌One warned that mortgage rates are still volatile and "this is unlikely to become a straight race to the bottom". Carlo Pileggi, Nationwide’s Head of Mortgage Products, said: “After a period of increasing swap rates, recent falls have created an opportunity for us to reduce mortgage rates, and we’re moving swiftly to ensure new and existing customers can benefit.‌"These rate cuts will benefit a wide range of customers – first-time buyers, new and existing customers moving home as well as those rem