The battle to push mortgage rates further below 4% has intensified as Nationwide is poised to cut some rates from Friday.

Reductions of up to 0.19 percentage points will apply to two, three and five-year fixed-rate products being offered by Nationwide.

Nationwide’s lowest rate will stand at 3.60% and will be available to new and existing customers with a 40% deposit who are looking to move home and taking out a two-year fixed rate product, with a £1,499 fee.

It is also offering a three-year fixed-rate deal with no fee for first-time buyers with a 25% deposit, with a rate of 4.21%.

Carlo Pileggi, Nationwide’s head of mortgage products, said: “We’re making rate cuts across our mortgage range, which should be welcome news to all types of borrowers.”

According to Moneyfactscompare.co.uk

See Full Page