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.”