Nationwide has revealed details of its new fixed rate mortgages, available from June 3.
The company will reduce the number of loan to value bands from three to two on all fixed rate and tracker products.
New borrowers with an LTV of between 75%-90% will now pay the same rate as borrowers in the 0% to 75% LTV band.
The move is aimed at simplifying the product range so that there are only two LTV tiers for new borrowers as well as improving Nationwide's competitive position.
Stuart Bernau, executive director of Nationwide, says: “This is another example of how Nationwide is giving its members a better deal, by simplifying its products and making its rates more attractive.
“All of Nationwide's mortgages are available to both new and existing customers and come with a range of flexible features.”