After yesterday’s decision, Nationwide Building Society is offering the following rates to new and existing mortgage customers:

New customers moving home

• Five-year fixed rate at 60 per cent LTV with a £1,499 fee is 3.85 per cent (New product)
• Three-year fixed rate at 75 per cent LTV with a £999 fee is 4.24 per cent (reduced by 0.75 per cent)
• Two-year fixed rate at 85 per cent LTV with a £1,499 fee is 4.49 per cent (New product)
• Two-year tracker rate 60 per cent LTV with a £1,499 fee is 5.35 per cent (New product).

First-time buyers

• Five-year fixed rate at 60 per cent LTV with a £1,499 fee is 3.85 per cent (New product)
• Three-year fixed rate at 75 per cent LTV with a £999 fee is 4.34 per cent (reduced by 0.74 per cent)
• Two-year fixed rate at 85 per cent LTV with a £1,499 fee is 4.56 per cent (New product)
• Two-year tracker rate 60% per cent LTV with a £1,499 fee is 5.50% per cent (New product).

Remortgage

• Five-year fixed rate at 60 per cent LTV with a £999 fee is 3.88 per cent (reduced by 0.80 per cent)
• Three-year fixed rate at 75 per cent LTV with a £999 fee is 4.50 per cent (reduced by 0.39 per cent)
• Two-year fixed rate at 60 per cent LTV with a £1,499 fee is 4.33 per cent (New product)
• Two-year tracker rate 75 per cent LTV with a £1,499 fee is 5.50 per cent (New product),

The building society also slashed selected two, three, five and ten-year switcher rates at 95 per cent by up to 0.81 per cent with rates beginning from 3.84 per cent.

These latest cuts are part of Nationwide’s existing mortgage member pricing pledge which promises that switcher product rates will be the same or lower than the remortgage equivalents.

On top of this, the building society is bringing down for interest rates and for existing customers moving home by up to 0.80 per cent.

It is also introducing a range of products with £1,499 fee, with rates now starting from 3.85 per cent. Interest rates for additional borrowing will be reduced by 0.81 per cent and will now start from 3.84 per cent.