Nationwide has made a series of rate changes across its range while extending the availability of its £1,499 fee products.

Major rate changes include the following:

For house purchase, the 75 per cent LTV five-year fix with zero fee has been reduced by 20 basis points to 1.99 per cent and the 60 per cent LTV five-year fix has had 10 basis points removed to bring it to 1.69 per cent. This also charges no fee.

For first-time buyers, the 75 per cent LTV five-year fix with £999 fee has been cut by 20 basis points to 1.64 per cent and the 75 per cent LTV five-year fix with zero fee has been reduced by 25 basis points to 2.04 per cent.

And for remortgages, the headline rate change is the 85 per cent LTV two-year fix with zero fee having 15 basis points cut to give a rate of 2.84 per cent.

In the rate switch category, prices have gone up. Most notably, the 85 per cent LTV five-year fix with £999 fee has increased by 45 basis points to 2.64 per cent.

At the same time, the 80 per cent LTV two-year fix with zero fee has gone up by 25 basis points to 2.44 per cent and, the 80 per cent LTV five-year fix by 25 basis points to 2.49 per cent.

And the 80 per cent LTV two-year tracker with £999 fee has gone up by 30 basis points to 2.04 per cent and the 80 per cent LTV two-year tracker with zero fee by 35 basis points to 2.64 per cent.

As mentioned above, the building society’s £1,499 fee products are now available on loans of £275,000 or more across all LTVs up to 90 per cent instead of only at 60 per cent LTV, as was the case previously.

Nationwide director of mortgages Henry Jordan says: “We are reducing our rates again to ensure that we continue to remain one of the best lenders in the market for rate as well as service.

“The changes are being made across our range meaning all types of borrowers could benefit, whether they are moving home, getting their first home or remortgaging.”