Nationwide cuts rates across fixed and tracker range

Tracie Pearce, head of group mortgages, said: “These reductions clearly demonstrate our commitment to offer competitive, quality and affordable products to new and existing customers, at all LTVs, not just for those with the largest deposits.”

The reductions provide a number of new rates, including a 2-year fixed rate available at 4.29% (85% LTV) for new customers (4.19% for existing customers).

That deal comes with a £900 product fee, £99 booking fee (payable upfront and non-refundable). There is also a £400 discounted product fee for first-time buyers and no product fee rates are also available

A 5-year fixed rate is also available at 3.49% (70% LTV) for new customers (3.39% for existing customers). That deal has a £900 product fee, £99 booking fee (payable upfront and non-refundable). It also has a £400 discounted product fee for first-time buyers and no product fee rates are also available.