Nationwide launches new two year tracker mortgage deal

With effect from 7 April 2009, the two year tracker is available as follows:

For those buying a home:

3.64% (0-60% LTV)

3.89% (60-75% LTV)

5.23% (75-80% LTV)

5.33% (80-85% LTV) available to existing borrower moving home only

5.63% (85-95% LTV) available to existing borrowers moving home only

£495 reservation fee

For those remortgaging

3.59% (0-60% LTV)

3.79% (60-75% LTV)

£495 reservation fee

Andy McQueen, mortgage director at Nationwide, said: "We are offering our borrowers more choice by extending our mortgage product range. The new two year tracker deal has a lower reservation fee and is competitively priced."