Two and five-year fixed rates are now 0.37% and 0.12% lower than in March 2024.

10-year fixed rate residential products have seen the largest reductions.

The lender has announced widespread rate reductions across its standard, homebuying and retention ranges.

The lender has launched new products and increased its first-time landlord criteria.

Two-year fixed rates will benefit from the latest round of reductions.

Two-year fixed rate buy-to-let products have seen the largest reductions.

Benjamin Wells, head of product and development at Advise Wise, takes a look at the lifetime mortgage market, the current falling base rates, and a long term perspective for later life...

Nationwide has reduced mortgage rates by up to 0.25%.

Fleet has also reduced fees for standard and limited company borrowers.

The new rates come as part of widespread rate cuts of up to 0.20% across HSBC's residential and buy-to-let mortgage ranges.