Rates now start from 4.89% with a £900 product fee and 5.29% with no product fee.
Tracie Pearce, head of group mortgages at Nationwide, said: “These new loans at 95% LTV are further evidence that Nationwide is strongly committed to playing a leading role in the financing of the housing market.
“We enable homebuyers with smaller deposits to access very competitive rates.”
Also effective from Friday 24 January, all other products at 95% LTV will be decreased by 0.3% points.
