Nationwide will cut rates by up to 20 basis points across its two-, three- and five-year fixed rate home loans – with the mutual’s lowest mortgage starting at 3.83%, as the industry’s price war continues.

The building society’s new rates, which come to market tomorrow (14 August), include:

New customers moving home — reductions of up to 16bps across two, three, five-year fixes up to 95% loan to value, including:

• Five-year fixes at 60% LTV, with a £1,4991 fee are 3.83%, down by 16bps

Existing customers moving home — reductions of up to 16bps across two-, three-, five-year fixes up to 95% LTV, including:

• Five-year fixes at 60% LTV, with a £1,499 fee, are 3.83%, down by 16bps

First-time buyers — reductions of up to 20bps across two-, three-, five-year fixes up to 95% LTV, including:

• Five-year fixes at 60% LTV, with a £999 fee, are 4.19%, down by 20bps

Remortgage — reductions of up to 18bps across two-, three-, five-year fixes up to 90% LTV, including:

• Five-year fixes at 75% LTV, with no fee, are 4.50%, down by 18bps

The lender adds that selected switcher two-, three- and five-year rates up to 95% LTV will fall by up to 20bps, with rates starting from 4.06%.

While additional borrowing rates are being cut by up to 19bps on two-, three- and five-year fixes up to 90% LTV, with rates starting from 4.06%.

Nationwide director of home Henry Jordan, says: “We’re making further cuts across our fixed mortgage range in support of all segments of the market and to ensure that Nationwide continues to be front of mind for those looking to buy their first home, move to their next or who want to switch to a new deal.”