The rate cuts will improve the competitiveness of Nationwide's remortgage range and the average cut will be 0.15 per cent.
The remortgage product range from Nationwide will include the following:
Two-year fixed rate reduced by 0.19 per cent available at 3.39 per cent (up to 70 per cent LTV)
Three-year fixed rate reduced by 0.09 per cent available at 4.09 per cent (up to 70 per cent LTV)
£896 product fee
£99 booking fee (payable upfront and non-refundable)
No standard valuation or standard legal fees
New customers can borrow up to 85 per cent LTV
Two-year fixed rate reduced by 0.19 per cent available at 3.79 per cent (up to 70 per cent LTV)
Two-year fixed rate reduced by 0.19 per cent available at 4.29 per cent (70-75 per cent LTV)
No product fee
£99 booking fee (payable upfront and non-refundable)
No standard valuation or standard legal fees
New customers can borrow up to 85 per cent LTV
Andy McQueen, divisional director for mortgages and general insurance at Nationwide, said: "We are reducing rates by up to 0.20 per cent across our range of products which is great news for customers seeking to remortgage. For example, our two-year fixed rates are now particularly attractive, starting from 3.39 per cent for customers wanting a mortgage of up to 70 per cent of the property value."
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