As part of its ‘loyalty rate mortgages’ initiative Nationwide has also cut 2-year rates; as its 60% LTV 2-year fix now stands at 1.94% with no fee after being cut by 0.20%.The loyalty rate initiative compares the society’s mortgage rates for existing customers to those of its top six high street competitors.
Its 2-year trackers to 85% LTV now stand at 2.89% with no fee and 2.49% with a £999 fee after both rates were cut by 0.10%.
