Nationwide Building Society cuts mortgage interest rates in boon for homeowners - full list of changes

New customers moving home

Here is a full list of Nationwide's new mortgage rates for new customers moving home with reductions of up to 0.23 per cent:

• Five-year fixed rate at 60 per cent LTV with a £1,499 fee is 3.99 per cent
• Five-year fixed rate at 60 per cent LTV with a £999 fee is 4.02 per cent
• Five-year fixed rate at 60 per cent LTV with no fee is 4.24 per cent
• Five-year fixed rate at 85 per cent LTV with a £999 fee is 4.50 per cent
• Two-year fixed rate at 80 per cent LTV with a £999 fee is 4.87 per cent

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First-time homebuyers

Here is a full list of Nationwide's mortgage rates of first-time buyers with reductions of up to 0.24 per cent:

• Five-year fixed rate at 85 per cent LTV with a £999 fee is 4.55 per cent
• Two-year fixed rate at 85 per cent LTV with a £999 fee is 4.95 per cent
• Five-year fixed rate at 60 per cent LTV with a £1,499 fee is 4.34 per cent
• Five-year fixed rate at 60 per cent LTV with a £999 fee is 4.39 per cent

Remortgage

Here is a full list of Nationwide's mortgage rates for those looking to remortgage with reductions of up to 0.17 per cent:

• Five-year fixed rate at 60 per cent LTV with a £1,499 fee is now 4.27 per cent
• Five-year fixed rate at 75 per cent LTV with a £999 fee is now 4.43 per cent
• Two-year fixed rate at 75 per cent LTV with a £999 fee is now 4.79 per cent.

On top of this, Nationwide Building Society Nationwide has confirmed it is slashing some two, three and five-year switcher rates up to 95 per cent LTV by up to 0.25 per cent.

Furthermore, the high street lender is cutting rates mortgage rates for existing customers moving house by up to 0.23 per cent on selected two, three and five-year fixed rate products up to 95 per cent LTV.

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Henry Jordan, the building society's director of Home, outlined why homeowners and buyers need to take advantage of Nationwide's latest round of deals.

He explained: "These latest rate cuts and the reintroduction of a sub-four per cent product further reinforce our position as one of the most competitive lenders in the market.

"We’ve made rate reductions across our fixed rate mortgage range because, as the country’s largest mutual, we want to maintain our support for all types of borrowers through attractively priced products, whether it be home movers, first-time buyers or those looking to remortgage or switch their deal.”

The Bank of England's Monetary Policy Committee (MPC) is next set to make an announcement regarding interest rates on August 1.