Nationwide Building Society has reduced rates by 20 basis points on its range of two and three-year tracker mortgages.
The tracker product range from Nationwide will include the following:
Two-year tracker rate available at 2.59 per cent (up to 70 per cent 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 per cent LTV
Two-year tracker rate available at 2.99 per cent (up to 70 per cent 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 per cent 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.”
