Nationwide is cutting rates on select mortgages by up to 0.35 per cent for remortgagors and existing members moving home.

As of this Friday, 9 April, reductions of up to 0.20 per cent will apply across two-, five- and ten-year fixed rate remortgage products.

Highlights of changes include a two-year 60 per cent LTV fixed rate reduced by 0.05 per cent to 1.09 per cent, with a £1,499 fee; a five-year fix at 75 per cent LTV down 0.05 to 1.59 per cent, with a £199 fee; and a 10 year fix at 60 per cent LTV cut by up to 0.20 per cent to 2.14 per cent, with a £999 fee.

Existing members moving home can avail of up to 0.35 per cent cuts on products including a two-year fix at 60 per cent LTV, reduced by 0.10 per cent to 1.04 per cent with a £1,499 fee; a five-year fix at 80 per cent LTV down 0.10 per cent to 2.04 per cent, with £1,499 product fee; and a 10-year fix at 60 per cent LTV cut by 0.35 per cent to 1.99 per cent, with a £999 product fee.

The society has also amended selected further advance, family deposit mortgage and switcher rates.

Nationwide director of mortgages Henry Jordan says: “With just a couple of months left of the stamp duty holiday the mortgage market continues to see lots of activity. These latest reductions will improve our competitive position for borrowers looking to remortgage and existing members looking to move home.”