Nationwide will cut rates across its fixed mortgage range for first-time buyers (FTBs) and home movers, effective from tomorrow, 24th April.
The changes include cuts of up to 0.25 percentage points on 2-, 3- and 5-year fixed rate deals.
The lowest rate will be 4.50%.
FTBs will see cuts of up to 0.25% across 2-, 3- and 5-year fixed products up to 95% loan-to-value (LTV).
The 5-year fixed rate at 90% LTV with a £999 fee will be 5.25%, down by 0.25%.
The 2-year fixed rate at 60% LTV with a £1,499 fee will be 4.66%, down by 0.24%.
The 3-year fixed rate at 80% LTV with a £999 fee will be 5.05%, also down by 0.25%.
Existing and new customers moving home will see cuts of up to 0.25% on 2-, 3- and 5-year fixed rate products up to 95% LTV.
The 2-year fixed rate at 60% LTV with a £1,499 fee will be 4.50%, down by 0.16%.
The 5-year fixed rate at 80% LTV with a £999 fee will be 4.81%, down by 0.17%.
The 2-year fixed rate at 75% LTV with a £1,499 fee will be 4.65%, a cut of 0.12%.
Carlo Pileggi, head of mortgage products at Nationwide, said: “We’re delighted to be able to make cuts to our mortgage rates to support both first-time buyers and those looking to move to their next home.
“These changes apply across those ranges, with some of our largest cuts being made on higher loan-to-value mortgages, which will benefit first-time buyers looking to get onto the property ladder.”