The Nationwide Building Society has cut rates on selected two, three and five-year fixed rate mortgages available up to 60% LTV by up to 0.15 percentage points, as well as reducing 10-year fixed rates by up to 1.10 percentage points.

Rates for the two-year fixed products available up to 60% LTV are reducing by 0.10 percentage points to 1.79% with no fee.

On three-year fixed products up to 60% LTV, rates are reducing by 0.15 percentage points to 1.79% with no fee (and by 0.10 percentage points to 1.54% with a £999 fee).

The five-year fixed rates available up to 60% LTV are reducing by 0.15 percentage points to 1.79% with no fee and to 1.59% with a £999 fee.

Rates on Nationwide’s 10-year fixed rate products are reducing as follows:

• Up to 60% LTV: down 0.35 percentage points to 2.44% with no fee (2.34% with a £999 fee)
• 60.01-75% LTV: reduced by 0.20 percentage points to 2.59% with no fee (2.49% with a £999 fee)
• 75.01-85% LTV: down 1.10 percentage points to 2.89% with no fee (2.79% with a £999 fee)
• 85.01-90% LTV: reduced by 0.65 percentage points to 3.34% with no fee (3.24% with a £999 fee)

The rate reductions on the 10-year fixed rate products are also applicable to Nationwide’s switcher range.

All rates on other products remain unchanged.

Henry Jordan, Nationwide’s director of mortgages, said: “Our range of fixed rate mortgages have proved particularly popular as people seek the security of fixing their mortgage payments for the future, and as a result we’re focused on keeping our rates as competitive as possible.

“These reductions clearly demonstrate our commitment to offering competitive products to both existing members and new customers in a range of LTVs. Combine that with our commitment to providing legendary service and we believe we offer the whole package that makes a real difference to homeowners.”