Nationwide launches 2.34 fix at 60pc

And the building society will add a 2-year fix and tracker to its range at 2.74% up to 75% LTV with £900 fee which drops to 2.64% for existing borrowers.

Tom Riley, head of mortgage pricing at Nationwide, said: “Nationwide continues to demonstrate that it is open for business by announcing its lowest ever fixed mortgage rates.

“These latest cuts ensure our popular range of 2-year fixed and tracker rate mortgages remain very competitive."

Additional features includes reduced fees of £400 for first-time buyers and a free standard valuation and the choice of either free standard legals or £250 cashback, payable one month after completion.