Nationwide reduces tracker rates

The tracker product range from Nationwide will include the following:

Two-year tracker rate available at 2.59% (up to 70% LTV)

• £400 product fee, £99 booking fee (payable upfront and non-refundable) for new home movers, first-time buyers and existing customers moving home

• £900 product fee, £99 booking fee (payable upfront and non-refundable) and no standard valuation or standard legal fees for remortgage customers

• Products available up to 85% LTV

Two-year tracker rate available at 2.99% (up to 70% LTV)

• £0 product fee, £99 booking fee (payable upfront and non-refundable)

• No standard valuation or standard legal fees for remortgage customers

• Products available up to 85% LTV

Martyn Dyson, head of mortgages at Nationwide, said: “Our tracker customers have the reassurance of knowing that, with Nationwide, they can switch to a fixed rate from our Switch & Fix range at any time in the future without having to pay an Early Repayment Charge. We also allow borrowers to take part of their mortgage on a fixed rate and part on a tracker.”