x
By using this website, you agree to our use of cookies to enhance your experience.

Nationwide is helping first-time buyers and home movers with small deposits by cutting rates on its 80%, 85% and 90% LTV mortgages from today.

It is cutting all of its 90% LTV fixed rates by 0.3%, and is reducing rates by 0.1% on new applications for fixed and tracker rates at 80% LTV and 85% LTV.

It will continue to offer first-time buyers a £500 discount on the product fee for all mortgages with a £900 fee. An additional 0.1% reduction is available on all rates for new applications from existing Nationwide mortgage customers.

Highlights include:

New 3.99% two-year fixed rate up to 90% LTV with £900 product fee (3.89% for existing Nationwide mortgage customers). First-time buyers pay a reduced product fee of £400. A non-refundable booking fee of £99 is payable on reservation

New 3.24% two-year fixed rate up to 85% LTV with £900 product fee (3.14% for existing Nationwide mortgage customers). First-time buyers pay a reduced product fee of £400. Remortgage borrowers receive a free standard valuation and the choice of either free standard legal fees or £250 cashback. A non-refundable booking fee of £99 is payable on reservation.

New 2.79% two-year fixed rate up to 80% LTV with £900 product fee (2.69% for existing Nationwide mortgage customers). First-time buyers pay a reduced product fee of £400. Remortgage borrowers receive a free standard valuation and the choice of either free standard legal fees or £250 cashback. A non-refundable booking fee of £99 is payable on reservation.

New 3.09% three-year fixed rate up to 80% LTV with £900 product fee (2.99% for existing Nationwide mortgage customers). First-time buyers pay a reduced product fee of £400. Remortgage borrowers receive a free standard valuation and the choice of either free standard legal fees or £250 cashback. A non-refundable booking fee of £99 is payable on reservation.

Tracie Pearce, head of group mortgages at Nationwide, said: “These reductions at 80% to 90% LTV demonstrate how Nationwide is committed to supporting both first time buyers and home movers, enabling those with smaller deposits to access very competitive rates.

“In particular, the reduction of two year fixed rates available up to 90% LTV by 0.30% means that we are offering rates to both new and existing customers below 4%.”

Comments

  • icon

    Altough this is welcoming news they did in fact increase higher LTVs a month or so ago so they are really just bringing them back to what they were around 2 months ago. I believe this is called tactics and a cheap form of advertising.

    Lets be honest tehy can afford to drop the rates for these products as they ahve plenty money from you know who!

    • 25 October 2013 09:47 AM
MovePal MovePal MovePal