Nationwide has launched a new £500 cashback offer for first-time buyers.
The building society has also cut 10-year fixed mortgage rates for existing customers and reintroduced new five-year switcher fixed rates.
Previously, first-time buyers choosing a Nationwide mortgage deal with a £999 fee were eligible for a £500 discount.
Now they will get a £500 cashback on all first-time buyer products instead.
The first-time buyer cashback is offered in addition to any cashback provided through Nationwide's Save to Buy.
This offers a cashback of up to £1,000 to savers taking out a Save to Buy mortgage, or Flexclusive mortgage deals, which offer the option of a £250 cashback.
It will be paid directly to the customer's bank account within a month of completion.
Nationwide has also cut its 10-year fixed-rate mortgages by up to 0.65% for existing mortgage customers looking to switch to a new deal.
This is as part of the society's Loyalty Rate Mortgages initiative to offer the best rates on the high street to existing customers.
Rates for its 10-year fixed rates start at 3.04% for products up to 70% LTV.
Henry Jordan, Nationwide's head of mortgages, said: "Setting up home for the first time can prove to be a costly experience.
"By introducing a £500 cashback for all first time buyers, on top of the various other great options we have to support these customers, Nationwide aims to provide additional support when it is needed most.
"In addition, the Loyalty Rate Mortgages initiative continues to benefit our existing customers, with competitive five and 10 year fixed rate deals for those looking for payment security over the longer term."
Nationwide 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 to switch to a new deal.
Loyalty Rate Mortgages changes:
10 year fixed rates:
60% and 70% LTV with a £999 fee reduced by 0.10% from 3.04% to 2.94%.
60% and 70% LTV with a £0 fee reduced by 0.10% from 3.14% to 3.04%.
75% LTV with a £999 fee reduced by 0.40% from 3.34% to 2.94%.
75% LTV with a £0 fee reduced by 0.40% from 3.44% to 3.04%.
80% LTV with a £999 fee reduced by 0.65% from 3.59% to 2.94%.
80% LTV with a £0 fee reduced by 0.65% from 3.69% to 3.04%.
New five-year fixed switcher rates:
85% LTV with a £999 fee reintroduced at 3.24%.
90% LTV with a £999 fee reintroduced at 3.84%.
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