Nationwide reintroduces tracker mortgages

Jake Carter

November 10, 2021

nationwide remortgage

Nationwide will be relaunching its range of 2-year tracker mortgages on 11 November, with rate priced 0.40% below the equivalent 2-year fixed rates.

Notable products for new customers moving move include a 90% loan-to-value (LTV) 2-year tracker at 1.29% and a 75% LTV 2-year tracker at 0.84%. Both include a £1,499 fee.

For first-time buyers, the lender is set to introduce a 90% LTV 2-year tracker at 1.36% and a 60% LTV 2-year tracker at 0.89%. Both also include a £1,499 fee.

Looking to remortgages, an 85% LTV 2-year tracker at 1.16% and a 75% LTV tracker at 1.04%, both with a £999 fee, are set to be launched.

The society is also reintroducing tracker mortgages for existing customer moving home, additional borrowing, switcher and shared equity with rates starting from 0.79%.

Nationwide’s first-time buyer mortgages also come with £500 cashback, while those looking to remortgage to the society can choose between £500 cashback or free standard legal fees.

Henry Jordan, director of mortgages at Nationwide, said: “We always look to offer a selection of options for borrowers, which is why we are pleased to be able to reintroduce trackers to our range.

“By pricing our trackers 0.40% below equivalent fixed rates we can ensure they are not only competitive at the current time, but that they remain competitive should Bank Rate increase in the near future.”

Sign up to our daily email