Nationwide reduces tracker rates

Rates for the 60% LTV 2-year tracker products start at 1.19%, while the 85% LTV 2-year tracker product starts at 2.24%.

As part of the Nationwide Loyalty Rate Mortgages initiative, which compares the society’s mortgage rates for existing customers to those of its top six high street competitors,

The loyalty rate mortgages initiative is only available to Nationwide’s existing mortgage customers who are looking to switch deal. Nationwide does offer a core range of competitive rates for all mortgage applicants, as well as a £500 discount on mortgage fees for first time buyers. Remortgage customers benefit from free standard valuation and the choice between free standard legal work or £250 cashback.