Nationwide is making a series of rate reductions across its mortgage range from today, reducing selected fixed rate deals by up to 0.30%.
Its two-year fixed rate products to 90% LTV now start at 3.34% with a £999 fee, while its five-year fixed rate deals with a £999 fee start at 3.89%.
Customers with a Nationwide main current account can choose from a range of new rates for its Flexclusive four-year fixed rate products, with the 90% LTV rate with a £999 fee reduced by 0.20% to 3.74%.
Henry Jordan, Nationwide's head of mortgages, said: "Nationwide remains committed to our heritage of helping customers get a foot on the first step of the property ladder.
"This new range of competitive fixed rates, with a particular focus on customers with smaller deposits, compliments the recently launched £500 cashback for all first time buyers."
All first-time buyers, regardless of product choice, will now receive a £500 cashback.
The first-time buyer cashback is offered in addition to any further cashback provided through both Nationwide's Save to Buy, which offers up to £1,000 cashback, and its Flexclusive mortgage deals, which offer £250 cashback or free standard legal work.
Existing mortgage customers benefit from at least an additional 0.10% discount on all new customer rates.
Remortgage customers benefit from free standard valuation and the choice between free standard legal work or £250 cashback.
The £500 cashback first-time buyer cashback will be paid directly to the customer's bank account within a month of completion.
2 year fixed rates
75% LTV rate with a £999 fee reduced by 0.10% to 1.79%, no fee 2.19%
80% LTV rate with a £999 fee reduced by 0.10% to 1.99%, no fee 2.39%
85% LTV rate with a £999 fee reduced by 0.05% to 2.34%, no fee 2.74%
90% LTV rate with a £999 fee reduced by 0.05% to 3.34%, no fee 3.74%
3 year fixed rates
70% LTV rate with a £999 fee reduced by 0.05% to 2.19%, no fee 2.49%
75% LTV rate with a £999 fee reduced by 0.05% to 2.49%, no fee 2.79%
80% LTV rate with a £999 fee reduced by 0.10% to 2.54%, no fee 2.84%
85% LTV rate with a £999 fee reduced by 0.05% to 3.14%, no fee 3.44%
90% LTV rate with a £999 fee reduced by 0.15% to 3.74%, no fee 4.04%
5 year fixed rates
75% LTV rate with a £999 fee reduced by 0.15% to 2.69%, no fee 2.89%
80% LTV rate with a £999 fee reduced by 0.15% to 2.94%, no fee 3.14%
85% LTV rate with a £999 fee reduced by 0.15% to 3.39%, no fee 3.59%
90% LTV rate with a £999 fee reduced by 0.30% to 3.89%, no fee 4.09%
Flexclusive 4 year fixed rates
75% LTV rate with a £999 fee reduced by 0.05% to 2.54%, no fee 2.84%
80% LTV rate with a £999 fee reduced by 0.20% to 2.69%, no fee 2.99%
85% LTV rate with a £999 fee reduced by 0.05% to 3.19%, no fee 3.49%
90% LTV rate with a £999 fee reduced by 0.20% to 3.74%, no fee 4.04%
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