Nationwide has trimmed rates on selected two, three and five-year fixed rate mortgages by up to 0.1 percentage points.
All of the lender’s two-year fixes have undergone rate reductions, with the 60 per cent loan-to-value (LTV) now down to 1.29 per cent with a £999 fee and 1.69 per cent without the fee.
At 95 per cent LTV, two-year fixed rates have been reduced to 4.09 per cent with a £999 fee and 4.49 per cent with no fee.
Three-year fixes at up to 85 per cent LTV now start at 1.74 per cent with a £999 fee and 2.04 per cent without the fee, while those at 95 per cent LTV have been reduced to 4.39 per cent with a £999 fee and 4.69 per cent with no fee.
Meanwhile, Nationwide’s five-year fix at up to 80 per cent LTV has been cut to 2.09 per cent with a £999 fee and 2.29 per cent with no fee.
Henry Jordan, Nationwide’s director of mortgages, said: “We are reducing selected rates across the fixed rate product ranges, including for those with both large and small deposits.
“As well as offering a wide range of competitive mortgage rates, Nationwide also offers additional benefits to first time buyers, home movers and those remortgaging to the society.”
Bob Riach, principal at Scunthorpe-based Riach Financial Advisers, commented: “They are competitive rates. I use Nationwide a lot – they are a great lender, competitive, and you get a really fast service from them. It is good that they are back in the marketplace.”
simon.allin@ft.com
