Mortgage lender Nationwide has unveiled a new series of loans for homebuyers.

The building society has said it is introducing cuts to a range of tracker and fixed-rate products, which will mostly be applied to offerings with loan-to-value (LTV) levels of between 70 and 85 per cent.

With up to 0.6 per cent off, Nationwide is now offering two-year fixed rates at 3.69 per cent, with an £896 reservation fee and £99 booking fee at an LTV of 85 per cent, or at 3.99 per cent with no reservation fee.

A three-year tracker at 4.39 per cent is also available, while these three deals can be taken on a tracker basis at APRs of 2.64 per cent, 2.94 per cent and 2.99 per cent respectively.

Mortgage director at Nationwide Andy McQueen stated that the offers are "good news for those looking to move home in the new year".

Last month, technical manager of broker Mortgage Force Katie Tucker predicted that the home loans market will improve in 2010 as more competition emerges over the course of the year.