Nationwide cuts selected fixed and tracker rates

As well as other products, the mortgage product range available from Nationwide will include the following:

For those buying a home:

Two year fixed rate available from 3.69% (up to 70% LTV) and two year tracker available from 2.64% (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 reservation fee

Two year fixed rate available from 3.99% (up to 70% LTV) and two year tracker available from 2.94% (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)

• No reservation fee; free legals available

Three year fixed rate available from 4.39% (up to 70% LTV) and three year tracker available from 2.99% (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 reservation fee (reservation fee discount available to first time buyers of £500 or £250 plus free legals)

Andy McQueen, mortgage director at Nationwide, said: "We are making a number of rate cuts across our mortgage range of up to 0.60%, with the biggest cut being on selected two-year products available with a 20% deposit. This, together with the special offers we have available for first-time buyers and house purchasers, is good news for those looking to move home in the New Year."

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