Nationwide Building Society has announced it will cut the price of fixed rate mortgages by up to 0.99% - but only for existing borrowers who are switching at the end of their Nationwide deal.  The offer, which takes effect from 9 July this year, includes the following range of mortgage options:

Two year fixed rate available at 3.89% (up to 95% LTV)
Existing borrowers switching can borrow up to 95% LTV
£599 reservation fee

Two year fixed rate available at 3.79% (up to 95% LTV)
Existing borrowers switching can borrow up to 95% LTV
£995 reservation fee

Three year fixed rate available at 4.49% (up to 95% LTV)
Existing borrowers switching can borrow up to 95% LTV
£995 reservation fee

Andy McQueen, mortgage director at Nationwide, said: "We are cutting the price of our new 2 and 3 year fixed rate mortgages for those customers who are coming to the end of an existing Nationwide deal.  These borrowers have access to a range of additional mortgage options, including these competitively low fixed rates and capped variable rate products, all available up to 95% LTV.  These products are designed to offer borrowers assurance that their payments will not go beyond a certain level."

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