High-LTV fixed rates cut at Nationwide

High-LTV fixed rates cut at Nationwide

From today, Nationwide Building Society is cutting rates on selected two, three and five-year fixed rate mortgages at higher LTVs by up to 0.10%.

All mortgage rates in the two-year fixed product range, up to 95% LTV, have been reduced. The 60% LTV two-year fixed rate product now starts at 1.29% with a £999 fee and 1.69% with no fee.

95% LTV rates have been reduced to 4.09% with a £999 fee and 4.49% with no fee.

Selected three-year fixed rates at up to 80, 85 and 95% LTV have been reduced by 0.10%. Rates at up to 85% LTV now start at 1.74% with a £999 fee and 2.04% with no fee, and rates at 95% LTV have been reduced to 4.39% with a £999 fee and 4.69% with no fee.

Five-year fixed rates up to 80% LTV now start at 2.09% with a £999 fee and 2.29% with no fee.

Existing mortgage customers benefit from a 0.10% discount on the new customer rate. The Society also offers a range of additional benefits for both first time buyers and home movers. All standard mortgage valuations are now fee-free, while first time buyers receive a £500 cashback to help with the cost of moving. Remortgage customers are able to benefit from a free standard valuation and a £500 cashback for legal work.

Henry Jordan, Nationwide’s Director of Mortgages, said: “We are reducing selected rates across the fixed rate product ranges, including for those with both large and small deposits. As well as offering a wide range of competitive mortgage rates, Nationwide also offers additional benefits to first time buyers, home movers and those remortgaging to the Society.”

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Kelvin Lloyd
Kelvin Lloyd 09 Oct 2017

IT is up, to the Planners. If they will only give permission for bungalows on certain (suitable) sites, they will be built.

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maggie swift
maggie swift 09 Oct 2017

It's just the beginning of the shocking rise.

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maggie swift
maggie swift 09 Oct 2017

I have recently read that the bungalows can provide social housing for elderly residents in London.

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zoe glover
zoe glover 05 Oct 2017

Update! Worst company I have ever dealt with. Undervalued a Cambridge property by over 100k, wont take on any evidence of valuation including a RICS valuation done 3 years ago for the very same value...

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Paul Edwards
Paul Edwards 27 Sep 2017

Its nonsense articles such as this that make it harder to get clients to realise just how difficult the market is out there. When you see Rightmove and there are more 'price reduced' then 'new' most days...

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Tom Allen
Tom Allen 20 Sep 2017

Absolutely agree with you!

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RyanGeo 18 Sep 2017

A sharp correction would be a less dramatic expression to use. That is already underway in certain sectors in Reading where I practice as Chartered Surveyor

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sean benton
sean benton 01 Sep 2017

Identity theft is a thread for any profession. So,people should stay alarmed. I once take help from a letting agent and came to know that letting agents are taking every precaution to prevent fraudulent...

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Mark N.
Mark N. 30 Aug 2017

We have seen a surge in instructions over August and that should continue into September too.

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Chris 30 Aug 2017

Unfortunately, all the legislation bears its force on Landlords and ignores, naively, the effect of Rogue Tenants on the ability of landlords to keep houses in repair and offer properties for rent at reasonable...

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Christian Donovan
Christian Donovan 18 Aug 2017

The write-down on house values, combined with the fall in the GBP saddled the fund?s property portfolio with a 1.4% loss in the second quarter. The shocking amount of $240 million.

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Samantha Goodman
Samantha Goodman 11 Aug 2017

Interesting point of view.

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