Nationwide cuts 2-year trackers

Ryan Bembridge

November 30, 2016

house scissors

Nationwide has cut 2-year tracker mortgages by up to 0.10% – as products start at 1.24% with a £999 fee and 1.64% with no fee to 60% loan-to-value.

The lender’s 70% LTV and 75% LTV trackers are both at 1.34% with a £999 fee and 1.74% with no fee.

There are also reductions on the 80% LTV tracker mortgage, which will now start at 1.54%, and the 85% LTV product, starting at 1.64%, both with a £999 fee.

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Henry Jordan, Nationwide’s head of mortgages, said: “We are reducing rates on selected 2-year Nationwide tracker mortgages, particularly for those with larger deposits in response to customer demand for more flexible products and no limits on overpayments.

“The 2-year tracker mortgage products also complement the new 5 year tracker mortgage options that Nationwide recently introduced to extend member choice.”

Nationwide free standard mortgage valuations, while first time buyers receive a £500 cashback.

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