Quantcast
Menu

News

Nationwide cuts loyalty mortgage rates

Adam Williams
Written By:
Adam Williams
Posted:
Updated:
25/03/2015

Nationwide has reduced a number of its two-year tracker rate mortgages for existing customers by up to 0.25%.

The building society will now offer rates from 1.19% for borrowers with a 40% deposit. The cuts apply from today, Wednesday 25 February.

The lender is also launching a two-year tracker product at 2.24% for borrowers with a 15% deposit.

These products are only available to existing Nationwide customers looking to switch between products. The lender said it compares its product range to six of the major lenders to ensure it remains competitive.

New products include:

  • 60% loan-to-value two-year tracker product with a £999 fee reduced by 0.05% to 1.19%.
  • 60% loan-to-value two-year tracker product with a £0 fee reduced by 0.05% to 1.59%.
  • 85% loan-to-value two-year tracker product with a £999 fee reduced by 0.25% to 2.24%.
  • 85% loan-to-value two-year tracker product with a £0 fee reduced by 0.25% to 2.64%.

Existing mortgage customers are also eligible for a discount of 0.10% on other rates in the lender’s range.


Share: