Nationwide cuts mortgage rates following Barclays, Santander and Yorkshire

"In a welcome move that's music to borrowers' ears, it's quite refreshing to see one of Britain's biggest lenders joining the rate-cutting party, giving both homeowners and landlords something to smile about," says Dariusz Karpowicz, director at Albion Financial Advice. "These reductions are certainly making waves in the mortgage market, though they might not quite pip the headline-grabbing deals from Barclays and Santander. Nevertheless, it's another clear signal that lenders are keen to get their lending books flowing, taking advantage of improved swap rates and offering some much-needed relief to those looking to remortgage or expand their property portfolio."