Nationwide Building Society is reducing selected rates across its higher-LTV mortgage products by up to 0.25%.
Available from tomorrow, the largest reductions are across Nationwide's first-time buyer range, with a three-year fix at 90% LTV down by 10bps to 5.04% and a 95% LTV product decreasing by 25bps to 5.44%. In addition, a two-year fix at 75% LTV has reduced to 4.49% and a five-year fix at 95% LTV is down to 5.04%.
For new and existing customers moving home, Nationwide is reducing rates by up to 0.25% across two, three and five-year fixed rate products at 90% and 95% LTV, with the largest reduction to a three-year fixed rate at 95% LTV, now available at 5.37%.
All above products come with a £999 product fee.
Nationwide is also reducing selected early repayment charges (ERCs) by up to 1%.
Henry Jordan, director of home at Nationwide Building Society, said: “These latest reductions will ensure that we have some of the most competitive rates on the market with a particular focus on supporting first-time buyers in what remains a challenging environment.”
