For first-time buyers there are reductions of up to 0.20% across selected two and 5-year fixed rate products with rates at 85% loan-to-value (LTV) for 5-years and 90% LTV  for 2-years starting at 3.04% and 3.24% respectively. Both are fee free.

New customers moving home see reductions of up to 0.15% across selected two and 5-year fixed rate products with rates of 2.99% and 2.69% respectively. For existing members moving home, Nationwide is reducing rates by up to 0.10% on selected two and 5-year products up to 90% LTV.

Henry Jordan, Nationwide’s director of mortgages, said: “These latest rate reductions once again demonstrate our continued support for both first-time buyers and home movers, following on from the recent launch of our Helping Hand and 95% mortgage range.

“With these competitive rates, we are making sure that, as the UK’s second largest lender, Nationwide remains one of the best options around for all types of borrowers.”