Nationwid is cutting rates by up to 25bps as Family Building Society and Fleet Mortgages update their lending ranges.

Nationwide is cutting rates across its fixed mortgage range for new and existing customers. The changes take effect from Friday 26 June.

They will support first-time buyers, home movers, remortgage customers and switchers.

Rates are being cut by up to 25bps on two, three, five and ten-year fixes. Nationwide’s lowest fixed rate now stands at 4.19%.

First-time buyer rates are reduced by up to 18bps. This applies across products up to 95% LTV. A three-year fixed at 75% LTV with a £999 fee is now 4.69%. A five-year fixed at 85% LTV is now 4.62%. A two-year fixed at 90% LTV is now 4.82%.

First-time buyers will still receive £500 cashback on completion. They may also get up to £500 cashback via Nationwide’s Green Reward for energy-efficient homes.

Remortgage rates are cut by up to 0.25%. A two-year fixed at 60% LTV with a £999 fee is now 4.49%. A three-year fixed at 75% LTV with no fee is now 4.94%.

Switcher products are also reduced by up to 14bps. These apply to existing customers moving to a new deal. Home mover rates are also reduced by up to 15bps.

A two-year fixed at 60% LTV with a £1,499 fee is now 4.19%. A five-year fixed at 90% LTV with a £999 fee is now 4.69%.

Henry Jordan, Nationwide’s group director of mortgages, said: “We’re delighted to be making another set of rate cuts this month. We remain committed to supporting all borrower types.”

Family Building Society has launched new mortgage products. It has introduced two-year interest-only tracker products. These are for owner-occupiers and buy-to-let landlords. This includes limited company SPV borrowers.

It has also reintroduced five-year fixed HMO products for UK and expat landlords. Two-year fixed rates are cut by 30bps. Five-year UK landlord rates are cut by 10bps.

Darren Deacon, head of intermediary sales, said brokers are seeing rising demand for tracker products as uncertainty is driving interest in flexibility.

Fleet Mortgages has also updated its buy-to-let range. It has added new two-year 75% fixed rate products. These include zero product fees for standard and limited company borrowers.

It has also added 75% LTV HMO and MUFB products. These include £1,000 cashback.

Rates are reduced by 10bps to 30bps across selected products. Fees are also cut on selected five-year fixed products. Some reductions are up to £2,500.

Fleet’s new products will be available from 9am on Friday 26 June 2026.