To support borrowers coming to the end of their existing deals, Nationwide is cutting selected remortgage rates by up to 0.35% and selected switcher rates by up to 0.13%.

In addition,  the lender will be reducing selected rates for new and existing customers moving home by up to 0.10%. The new rates will be effective from 14 February.

The new rates include, for remortgage: reductions of up to 0.35% across two, three, five-year fixed rate products up to 95% LTV with rates starting from 4.12%.

These include: Five-year fixed rate at 60% LTV with a £1,499 fee1 is 4.12% and with £999 fee is 4.17% (both reduced by 0.07%)

Two-year fixed rate at 60% LTV with a £1,499 fee1 is 4.24% and with £999 fee is 4.29% (both reduced by 0.15%)

Two-year fixed rate at 60% LTV with no fee is 4.63% (reduced by 0.16%).

Two-year fixed rate at 90% LTV with no fee is 5.49% (reduced by 0.35%)

Switcher (for existing Nationwide customers coming to the end of their current mortgage deal): reductions of up to 0.13% across selected two, three and five-year products up to 90% LTV with rates starting from 4.12%.

These include: Five-year fixed rate at 60% LTV with a £999 fee is 4.12% (reduced by 0.06%). Two-year fixed rate at 60% LTV with a £999 fee is 4.24% (reduced by 0.13%)

In addition, Nationwide is also reducing selected rates across its new and existing customer moving home mortgages.

New customers moving home: reductions of up to 0.10% across two-year fixed rate products up to 90% LTV, including: Two-year fixed rate at 60% LTV with a £1,499 fee is 4.22% and with £999 fee is 4.27% (both reduced by 0.06%).

And two-year fixed rate at 80% LTV with a £999 fee is 4.64% (reduced by 0.10%)

Existing customers moving home: reductions of up to 0.10% across two-year fixed rate products up to 90% LTV, including: Two-year fixed rate at 60% LTV with a £1,499 fee1 is 4.22% and with £999 fee is 4.27% (both reduced by 0.06%) and two-year fixed rate at 80% LTV with a £999 fee is 4.64% (reduced by 0.10%)