It has been revealed that Nationwide have made 19 individual rate cuts on their current fixed rate and tracker mortgage range of up to 0.31%.

It is now offering a two-year fixed rate from 3.78% up to 70% LTV and two-year tracker available from 2.78% up to 70% LTV.

As a result, new customers can borrow up to 85% LTV and existing borrowers who are moving home can borrow up to 95% LTV with a £99 booking fee payable upfront and non-refundable and a £896 reservation fee.

For those remortgaging, it has a two-year fixed rate available from 4.37%, up to 60% LTV and two-year tracker available from 3.48% up to 60% LTV.

Andy McQueen, mortgage director at Nationwide, says: “We are making 19 individual rate cuts of up to 0.31% on some of our house purchase and remortgage products.

“This, together with the special offers we recently announced for first time buyers and house purchasers, will be good news for those trying to get on the housing ladder or secure a new home.”