Nationwide is relaunching its tracker range with rates starting from 0.79%.
The new 2-year products are priced at 0.40% below equivalent fixed rates in each category.
Nationwide withdrew its previous tracker range ahead of the Bank of England base rate decision.
For new customers moving home it is offering:
- 2-year tracker rate at 60% LTV launched at 0.79%, with a £1,499 fee
- 2-year tracker rate at 75% LTV launched at 0.84%, with a £1,499 fee
- 2-year tracker rate at 90% LTV launched at 1.29%, with a £1,499 fee
For first-time buyers:
- 2-year tracker rate at 60% LTV launched at 0.89%, with a £1,499 fee
- 2-year tracker rate at 75% LTV launched at 0.99%, with a £1,499 fee
- 2-year tracker rate at 90% LTV launched at 1.36%, with a £1,499 fee
For remortgage:
- 2-year tracker rate at 60% LTV launched at 0.89%, with a £1,499 fee
- 2-year tracker rate at 75% LTV launched at 1.04%, with a £999 fee
- 2-year tracker rate at 85% LTV launched at 1.16%, with a £999 fee
The lender is also reintroducing tracker mortgages for existing customers 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 remortgage deals come with a choice of either £500 cashback or free standard legal fees.
Nationwide director of mortgages Henry Jordan says: “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.”
