Nationwide cuts rates for purchasers

The reductions range between 0.09% and 0.29% points, with the average cut being 0.19%.

For those buying a home, the mortgage product range includes the following:

Two-year fixed rate reduced by 0.19% available at 3.19% (up to 70% LTV)

• New customers can borrow up to 85% LTV
• Existing borrowers who are moving home can borrow up to 95% LTV
• £99 booking fee (payable upfront and non-refundable)
• £896 product fee

Three-year fixed rate reduced by 0.09% available at 3.89% (up to 70% LTV)

• New customers can borrow up to 85% LTV
• Existing borrowers who are moving home can borrow up to 95% LTV
• £99 booking fee (payable upfront and non-refundable)
• £896 product fee
• £500 discount on product fee for first time buyers

Five-year fixed rate reduced by 0.19% available at 4.49% (up to 70% LTV)

• New customers can borrow up to 85% LTV
• Existing borrowers who are moving home can borrow up to 95% LTV
• £99 booking fee (payable upfront and non-refundable)
• £896 product fee
• £500 discount on product fee for first time buyers

Three-year tracker reduced by 0.29% available at 2.69% (up to 70% LTV)

• New customers can borrow up to 85% LTV
• Existing borrowers who are moving home can borrow up to 95% LTV
• £99 booking fee (payable upfront and non-refundable)
• £896 product fee
• £500 discount on product fee for first time buyers