Nationwide has launched a range of fixed and capped rate mortgage products, boasting they are its lowest ever deals.
Rates have been reduced by between 0.3 percentage points and 0.5 percentage points. It claims this also makes the three and five-year fixed rates and the three-year capped-rate mortgages the lowest currently available from any high street lender.
The society has been battling against repeated attempts to force it to demutualise. It has been under pressure to show it can provide more value to both its savers and borrowers as a building society.
For people moving house the society's three-year fix now stands at 5.49 per cent. The five-year fix stands at 5.79 per cent and the five-year fixed-rate loyalty mortgage, which is only available to existing Nationwide borrowers, offers 5.69 per cent. The three-year capped rate stands at 5.79 per cent.