Nationwide has cut a number of its fixed rate remortgage products by up to 0.35 per cent and added a new tracker.

The 80 per cent LTV two-year fix has had 0.20 per cent removed to bring it to 1.54 per cent, and the 85 per cent LTV three- and five-year fix has had 0.30 per cent cut, leaving the rate at 1.94 per cent.

As well as this, the 80 per cent LTV three- and five-year fix has been cut by 0.35 per cent, giving a rate of 1.79 per cent.

All of the above products command a £999 fee.

The new tracker product is a two-year 60 per cent LTV for remortgages starting at 1.29 per cent. It has a £1,499 fee for loans above £300,000.

Nationwide is also upping the interest rate on its 90 per cent LTV two-year tracker for first-time buyers and purchases, by 0.10 per cent to 1.99 per cent. This product commands a £999 fee.

Nationwide director of mortgages Henry Jordan says: “The mortgage market remains really competitive and many borrowers continue to like the security of fixing their mortgage repayments, especially in time of economic uncertainty.

“These reductions demonstrate our commitment to offering competitive rates across the range of LTVs supporting borrowers no matter how much deposit they have.”