Nationwide rejigs fixed and tracker deal rates

Nationwide has reduced selected products by up to 0.15%, including its three-year tracker up to 80% to 85% LTV, now 3.59%, and its five-year fixed rate also available at 80% to 85% LTV, now 4.49%.

Interest rate increases on selected fixed and tracker mortgages are of between 0.05% and 0.20%.

Both the five-year fix and three-year tracker have a £900 product fee and £99 booking fee, with a £500 product fee discount for first-time buyers.

Martyn Dyson, head of mortgages at Nationwide, said: "Nationwide is committed to helping borrowers with smaller deposits obtain competitive mortgage rates. The 0.15% reduction on selected mortgages at 85% LTV comes just days after Nationwide moved to offer its core rates up to 90% LTV."