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Nationwide Building Society and Virgin Money are reducing selected mortgage rates by up to 0.19% in a “positive” move after yesterday's Autumn Budget.

Following Chancellor Rachel Reeves' policy announcements yesterday, the lenders' announcement will come as welcome news to savers.

From tomorrow, Nationwide has announced it is reducing selected fixed rates by up to 0.19%.

READ MORE: How the Autumn Budget will affect State Pensioners from April 2026

This includes rates across its First Time Buyer, Home Mover, Existing Customers Moving Home and Remortgage products, as well as its Switcher and Additional Borrowing ranges.

Virgin Money has also just announced it is cutting selected rates, also by up to 0.19%.

Reacting to the news, Omer Mehmet, Managing Director at Welling-ba

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