Nationwide is reducing rates across its switcher mortgage range for existing customers by up to 0.12 percentage points.

The new rates, which apply across two-year, five-year and 10-year fixed-rate products, will take effect from Wednesday 10 June.

The switcher range is available to existing Nationwide mortgage customers coming to the end of their current deal, with rates starting from 4.56%.

Among the changes, a two-year fixed rate at 60% loan-to-value with a £999 fee will be 4.56%, following a reduction of 0.03 percentage points.

A five-year fixed rate at 60% loan-to-value with a £999 fee will be 4.59%, down by 0.10 percentage points, while a five-year fixed rate at 75% loan-to-value with no fee will be 4.83%, after a reduction of 0.12 percentage points.

Carlo Pileggi, head of mortgage products at Nationwide, said: “We’re making these latest rate cuts to support existing customers as they come to the end of their current deal.

“Together with our pricing pledge – ensuring switcher rates will be the same or lower than the remortgage equivalents – it reflects our commitment to helping our customers secure the best possible rate on a new mortgage deal.”