Nationwide cuts rates on fixed and tracker mortgages by up to 0.20%

Nationwide Building Society is cutting rates on selected two and five year fixed and tracker mortgage products by up to 0.20 per cent from tomorrow, 12 April.

Rates in the two year fixed product range up to 60, 85 and 90 per cent loan to value (LTV) have been reduced by up to 0.15 per cent with the 60 per cent 2 year fixed rate product starting at 1.19 per cent with a fee of £999 and 1.59 per cent with no fee.

For those with a 10 per cent deposit rates have been reduced to 2.24 per cent with a £999 fee and 2.64 per cent with no fee.

The five year fixed rate product with a 40 per cent deposit now starts at 1.89 per cent with a £999 fee and 2.09 per cent with no fee.

Selected tracker rates have also been reduced, with the two year tracker at up to 60 per cent LTV starting at 1.19 per cent with a £999 fee and 1.59 per cent with no fee.

The five year tracker with a £999 fee has been cut by 0.20 per cent and now starts at 1.69 per cent for up to 60 per cent LTV products.

All Nationwide tracker mortgage products currently have no ERCs.