Nationwide cuts rates

All 2-year fixed mortgage rates will reduce by 0.25% while selected 3-year fixed mortgage rates will reduce by 0.50%.

Martyn Dyson, head of mortgages at Nationwide, said: “We only reduced our 5-year fixed mortgage rates last week, so this latest set of improvements is further great news for brokers and their clients who are looking for new fixed rate deals.

“With our new 3-year product you could fix for three years at less than 3%.”

All other Nationwide mortgage rates remain unchanged.