The Nationwide Building Society is reducing rates on selected two-year tracker mortgage products by up to 0.10 percentage points.

Rates for the 60% loan to value (LTV) two-year tracker product start at 1.24% with a £999 fee and 1.64% with no fee. There is also 70% LTV and 75% LTV tracker mortgage products, both at 1.34% with a £999 fee and 1.74% with no fee.

There are also reductions on the 80% LTV tracker mortgage, which will now start at 1.54%, and the 85% LTV product, starting at 1.64%, both with a £999 fee.

All Nationwide tracker mortgage products currently have no Early Redemption Charges (ERCs). Existing mortgage customers benefit from a 0.10 percentage point discount on the new customer rate, as well as a £250 cashback for mortgage customers switching to a new deal or moving home.

The rate reductions on selected products in the two-year tracker range are in addition to the recent launch of a new five0year tracker mortgage range.

Henry Jordan, Nationwide’s head of mortgages, said: “We are reducing rates on selected two-year Nationwide tracker mortgages, particularly for those with larger deposits in response to customer demand for more flexible products and no limits on overpayments.

“The two-year tracker mortgage products also complement the new five-year tracker mortgage options that Nationwide recently introduced to extend member choice.”