The new rates include:
- New customers moving home:
- Two-year tracker rate at 60% LTV launched at 0.79%, with a £1,499 fee.
- Two-year tracker rate at 75% LTV launched at 0.84%, with a £1,499 fee.
- Two-year tracker rate at 90% LTV launched at 1.29%, with a £1,499 fee.
- First-time buyers:
- Two-year tracker rate at 60% LTV launched at 0.89%, with a £1,499 fee.
- Two-year tracker rate at 75% LTV launched at 0.99%, with a £1,499 fee.
- Two-year tracker rate at 90% LTV launched at 1.36%, with a £1,499 fee.
- Remortgage:
- Two-year tracker rate at 60% LTV launched at 0.89%, with a £1,499 fee.
- Two-year tracker rate at 75% LTV launched at 1.04%, with a £999 fee.
- Two-year tracker rate at 85% LTV launched at 1.16%, with a £999 fee.
The Society is also reintroducing tracker mortgages for existing customer moving home, additional borrowing, switcher and shared equity with rates starting from 0.79%.
Full details of all rates included in these latest changes can be found here.
Nationwide’s first-time buyer mortgages also come with £500 cashback, while those looking to remortgage to the Society can choose between £500 cashback or free standard legal fees.
Henry Jordan, Nationwide’s Director of Mortgages, said: “We always look to offer a selection of options for borrowers, which is why we are pleased to be able to reintroduce trackers to our range. By pricing our trackers 0.40% below equivalent fixed rates we can ensure they are not only competitive at the current time, but that they remain competitive should Bank Rate increase in the near future.”
