Nationwide is relaunching its tracker range tomorrow with rates starting from 0.79%.

The new two-year products are priced at 40 basis points below equivalent fixed rates in each category.

Nationwide withdrew its previous tracker range last Thursday ahead of the Bank of England base rate decision.

For new customers moving home it is offering:

• Two-year tracker rate at 60% LTV launched at 0.79%, with a £1,499 fee
• Two-year tracker rate at 75% LTV launched at 0.84%, with a £1,499 fee
• Two-year tracker rate at 90% LTV launched at 1.29%, with a £1,499 fee

For first-time buyers:

• Two-year tracker rate at 60% LTV launched at 0.89%, with a £1,499 fee
• Two-year tracker rate at 75% LTV launched at 0.99%, with a £1,499 fee
• Two-year tracker rate at 90% LTV launched at 1.36%, with a £1,499 fee

For remortgage:

• Two-year tracker rate at 60% LTV launched at 0.89%, with a £1,499 fee
• Two-year tracker rate at 75% LTV launched at 1.04%, with a £999 fee
• Two-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 40 basis points 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.”