Nationwide bucks tough mortgage lending trend

Rebekah Downes/PA

Mortgage lenders are tightening up. Recent rate hikes and lending restrictions means loans are being pulled further out of reach for first-time buyers, as well as those moving or remortgaging.

Yet one lender is bucking the trend. Today Nationwide announced it is cutting some its mortgage rates and fees. So is there any chance other lenders may follow suit?