Nationwide has made cuts to a series of its mortgage offerings, including first-time buyer (FTB), remortgage, and home mover products.

The biggest cut within the FTB range is the 85% LTV five-year fix with zero fee which, after a 15 basis point change, is now priced at 4.69%.

In the remortgage range, the most significant cut occurs on the 60% LTV two-year tracker product with £999 fee, which is now 3.84%.

And for new customers moving home, the most substantial change also takes place on the 60% LTV two-year tracker with £999 fee, which is now set at 3.79%.

Additionally, borrowers who wish to move home and are already with Nationwide may benefit from cuts of up to 20 basis points across its various fixes and trackers, select shared equity products have received a 20 basis point cut also, and certain switcher and additional borrowing mortgages have also enjoyed rate cuts of up to 20 basis points.

At the start of this year, the lender cut a number of fixed rates, with a particular focus on products drawn up for FTBs.

Regarding these latest changes, Nationwide director of mortgages Henry Jordan says: “These latest rate reductions showcase to borrowers that we want to continue offering some of the most competitive mortgage products on the market, as we look to support as many people as possible whether they are buying a new home or remortgaging their existing home.”