A number of 90% to 95% LTV fixes have been cut by up to 0.20%
Nationwide Building Society has reduced selected fixed rates at 90% and 95% loan-to-value (LTV) by up to 0.20 percentage points and switcher rates by up to 0.30 percentage points, effective today, April 14.
New customers moving home can get rate reductions of up to 0.15% across selected two-, three-, and five-year fixed products at 90% and 95% LTV.
First-time buyers can benefit from rate cuts of up to 0.20% across selected two-, three-, and five-year fixed products at 90% and 95% LTV, while switcher products have reductions of up to 0.30% across selected two-, three-, and five-year fixed rates.
The lender’s first-time buyer mortgages also come with a £500 cashback, while those looking to remortgage can choose between a £500 cashback or free standard legal fees.
For Nationwide’s existing members moving home, it has also reduced rates by up to 0.20% on two-, three-, and five-year fixed products at 90% and 95% LTV.
Customers who are looking to borrow more can avail of selected two-, three-, five-, and 10-year fixed rates on the lender’s additional borrowing range, which were reduced by up to 0.30%. The rate on green additional borrowing has also been reduced by 0.05%, with the rate now at 3.89%.
Full details of all rates included in the latest changes can be viewed online.
“We are making reductions on our higher loan-to-value products to support those with a small deposit who are looking to buy their first home or move to a new property,” Henry Jordan (pictured), director of home at Nationwide Building Society, stated in a post announcing the rate reductions.
Find out the rates of Nationwide Building Society offers for first time buyer here.
“We have also made further reductions to our switcher products where existing members benefit from our pricing pledge that those switching to a new deal will continue to benefit from a rate which is the same or better than the equivalent remortgage product.”
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