Nationwide has cut all of its rates at 60% and 70% loan to value (LTV) by 0.10 percentage points.

These reductions mean Nationwide is now offering its lowest ever fixed rate mortgages.

Deals now include:

New 2.24% two-year fixed rate up to 60% LTV with £900 fee (2.14% for existing borrowers)

• First time buyers pay a reduced fee of £400
• Remortgage borrowers receive a free standard valuation and the choice of either free standard legal fees or £250 cashback
• Two-year tracker up to 60% LTV with £900 fee available at same rates
• A non-refundable booking fee of £99 is payable on reservation

New 2.49% three-year fixed rate up to 60% LTV with £900 fee (2.39% for existing borrowers)

• First time buyers pay a reduced fee of £400
• Remortgage borrowers receive a free standard valuation and the choice of either free standard legal fees or £250 cashback
• Three-year tracker up to 60% LTV with £900 fee available at same rates
• A non-refundable booking fee of £99 is payable on reservation

New 2.89% five-year fixed rate up to 60% LTV with £900 fee (2.79% for existing borrowers)

• First time buyers pay a reduced fee of £400
• Remortgage borrowers receive a free standard valuation and the choice of either free standard legal fees or £250 cashback
• A non-refundable booking fee of £99 is payable on reservation

New 2.49% Flexclusive four-year fixed rate up to 60% LTV with £900 fee (2.39% for existing borrowers)

• First time buyers pay a reduced fee of £400
• All house purchase and remortgage borrowers receive a free standard valuation and the choice of either free standard legal fees or £250 cashback
• A non-refundable booking fee of £99 is payable on reservation
• Mortgage available to main FlexAccount, FlexDirect or FlexPlus current account customers

Tracie Pearce, Nationwide’s head of mortgages, said: “I’m pleased to announce that we have reduced rates on all fixed rates and tracker rates for those customers with at least a 30% deposit.

“These latest reductions mean Nationwide is now offering the lowest fixed rate mortgages in the Society’s history.

“The cuts of up to 0.10 percentage points could benefit those buying a house or remortgaging. In particular, our three year fixed rate mortgages available to 60 per cent LTV at 2.49% are now among the lowest rates in the market.”