Nationwide’s 2-year fixed rate products will be reduced by 0.10%, while three year tracker products will be reduced by 0.15%. All 85% LTV products will be reduced by a further 0.25%.
Tracie Pearce, head of group mortgages at Nationwide, said: “Nationwide is demonstrating that it really is open for business by announcing its eighth rate cut of 2013 so far.
“These reductions clearly demonstrate our commitment to offer competitive, quality and affordable products to both new and existing customers in a range of LTVs and for both fixed and tracker rates.
“In particular, the reductions at 85% LTV demonstrate how we are on the side of customers with lower deposits, helping the housing market keep moving.”
NewBuy rates remain unchanged.