The Nationwide Building Society has reduced a number of two, three and five-year fixed rate mortgage products by up to 0.10 percentage points.

Rates for the two-year fixed products at 90% loan to value (LTV) are reduced by 0.10 percentage points to 1.89% with a £999 fee and 2.29% with no fee.

Rates for the three-year fixed rate products at 90% LTV are reduced by 0.10 percentage points to 2.14% with a £999 fee and 2.44% with no fee.

Rates for the five-year fixed rate products at 90% LTV are reduced by 0.10 percentage points to 2.29% with a £999 fee and 2.49% with no fee.

Henry Jordan, Nationwide’s director of mortgages, said: “By improving the competitiveness of our two, three and five-year fixed rate products, we are aiming to support those mortgage customers looking for payment security.”

All standard Nationwide mortgage valuations are fee-free, while first time buyers receive a £500 cashback to help with costs and those remortgaging to the Society can choose between £500 cashback or free standard legals.