Nationwide is cutting two and five-year fixed rate deals at 60% LTV from today.
It is also reducing selected fixed rate deals for switchers as part of its Loyalty Rate Mortgage initiative.
Rates on its 60% LTV two-year fix with a £999 fee now start at 1.59%.
And its cheapest five-year fixed rates start at 2.29%, also with a £999 fee.
These are the lowest rates that Nationwide has offered for the two-year and five-year fixed-rate products.
New rates:
60% LTV 2 year fixed rate with a £999 fee reduced by 0.15% to 1.59%.
60% LTV 2 year fixed rate with a £0 fee reduced by 0.15% to 1.99%.
60% LTV 5 year fixed rate with a £999 fee reduced by 0.05% to 2.29%.
60% LTV 5 year fixed rate with a £0 fee reduced by 0.05% to 2.49%.
First time buyers pay a reduced product fee of £499.
Remortgage borrowers receive a free standard valuation and the choice of either free standard legal fees or £250 cashback.
A rate discount of 0.10% for existing borrowers is applied to all new loan deals.
Henry Jordan, Nationwide's head of mortgages, said: "Nationwide continues to offer great value rates to customers, helping them to ensure longer term security for mortgage payments.
"We are also demonstrating our mutual difference by offering competitive fixed rate deals to new Nationwide mortgage customers, whilst continuing to offer additional discounts for existing mortgage customers and first time buyers."
Nationwide also continues to offer its Loyalty Rate Mortgages initiative, which compares the Society's mortgage rates for existing customers with those of its top six high street competitors and guarantees to offer the lowest comparative rate for those looking for a new deal.
Loyalty Rate Mortgages changes:
75% LTV 2 year fixed rate with £999 fee reduced by 0.05% to 1.74%.
75% LTV 2 year fixed rate with £0 fee reduced by 0.05% to 2.14%.
85% LTV 5 year fixed rate with £999 withdrawn.
85% LTV 5 year fixed rate with £0 fee reduced by 0.20% to 3.44%.
90% LTV 5 year fixed rate with £999 withdrawn.
90% LTV 5 year fixed rate with £0 fee reduced by 0.20% to 3.94%.
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