Nationwide is to cut rates by up to 0.20% on selected remortgage deals tomorrow, with the average cut being 0.15%

The remortgage product range from Nationwide will include a two-year fixed rate reduced by 0.19% available at 3.39% (up to 70% LTV) and a three-year fixed rate reduced by 0.09% available at 4.09% (up to 70% LTV). These products come with a £896 product fee and a £99 booking fee (payable upfront and non-refundable). There are no standard valuation or standard legal fees and new customers can borrow up to 85% LTV.

A two-year fixed rate will be reduced by 0.19% to 3.79% (up to 70% LTV) and a two-year fixed rate reduced by 0.19% will be available at 4.29% (70-75% LTV).
There is no product fee and a £99 booking fee (payable upfront and non-refundable). Again, there are no standard valuation or standard legal fees and new customers can borrow up to 85% LTV.

Andy McQueen, divisional director for mortgages and general insurance at Nationwide, said: “We are reducing rates by up to 0.20% across our range of products which is great news for customers seeking to remortgage. For example