Nationwide will tomorrow cut rates by up to 0.30% on selected mortgages for remortgage and house purchase customers. The average cut will be 0.19%.

Its largest reductions are on mortgages available up to 85% LTV.

Martyn Dyson, head of mortgages at Nationwide, said: “Borrowers thinking of remortgaging or buying a home this summer can now look forward to rate cuts of up to 0.30% with Nationwide. In particular