Nationwide, the only of the UK’s big six lender not to announce its support for the Help to Buy mortgage guarantee scheme, will also cut rates at 80% and 85% by 0.1%.
The product range will include a 3.99% two-year fixed rate up to 90% LTV with £900 product fee. First-time buyers will also receive a £500 product fee discount while existing borrowers will be given access to a lower rate of 3.89%.
The new products will be available from Friday 25 October.
Tracie Pearce, head of group mortgages at Nationwide, said: “These reductions at 80-90% LTV demonstrate how Nationwide is committed to supporting both first time buyers and home movers, enabling those with smaller deposits to access very competitive rates.
“In particular, the reduction of two year fixed rates available up to 90% LTV by 0.30% means that we are offering rates to both new and existing customers below 4%.”
