Nationwide Building Society is reducing rates on selected fixed mortgage products by up to 0.29%.

The new rates will be effective from tomorrow (Wednesday, 13 September).

New customers moving home can take advantage of reductions of up to 0.29% across the society’s two and three-year fixed products up to 95% loan-to-value (LTV).

A three-year fixed rate at 60% LTV is available at 5.64% (reduced by 0.14%), while a two-year fixed rate at 95% LTV is now 6.44% (reduced by 0.29%).

Both come with a £999 fee.

Meanwhile, there are reductions of up to 0.25% for first-time buyers across selected two and three-year fixed products up to 95% LTV.

It is also cutting selected two and three-year fixed products up to 90% LTV across its remortgage range (by up to 0.18%).

Finally, Nationwide is reducing switcher, additional borrowing and rates for existing customers moving home by up to 0.14%.

The building society’s director of home, Henry Jordan, says: “Swap rates continue to fall, allowing us to make further reductions to our mortgages rates.

“These changes demonstrate our continued efforts to support existing members who are coming to the end of their current deal and new customers looking to take a mortgage with the society.”