The mutual has snipped the rate to 1.64% on the deal, fixed for two years.
It is available up to 75% LTV and comes with £500 cashback for first-time buyers and remortgagors, as well as a free valuation and no product fee for all borrowers.
Financial information provider Moneyfacts said the deal from Nationwide ‘is likely to turn the heads of borrowers searching for a competitive rate from a familiar brand. Those looking to save on upfront costs will be impressed with the deal’s incentive package and lack of product fee’.