The society will make a number of other pricing cuts to rates on its 85% LTV, 2-year fixed rate, from 3.99% to 3.79% and its 85% LTV, 3-year fixed rate from 4.14% to 3.94%.
At the same time, its 5-year fixed rate mortgages will be cut from 3.69% to 3.59%, available up to 70% with a £900 product fee and a £99 booking fee.
Other changes include rate increases of 0.10% and 0.14% at the 70% LTV tier for the 2-year tracker and 5-year tracker respectively.
All rates above 85% LTV remain unchanged.
Martyn Dyson, head of mortgages at Nationwide, said: “The 0.1% reduction to our 5-year fixed rate product available up to 70% LTV is great news for those wanting longer-term certainty over their monthly mortgage payments.
“Our five-year products have been popular with both borrowers and brokers, so we expect strong demand to continue following this re-price.
“We’re also decreasing some of our rates for those with just a 15% deposit, helping borrowers with smaller deposits to get a new mortgage.”
