Nationwide increases lending to 85% LTV

Nationwide increases lending to 85% LTV

Nationwide is increasing the rates on its two, three and five-year fixed rates at 80% and 85% LTV by up to 0.25%

Some very positive news today from the UK's second biggest mortgage lender Nationwide Building Sociey.


As part of the relaunch, Nationwide is increasing the rates on its two, three and five-year fixed rates at 80% and 85% LTV by up to 0.25%.


Two-year tracker rates at the same LTVs will also increase by up to 0.15%. The range is available for purchase and remortgage, including to first-time buyers.


Existing members moving home, borrowing more or switching product can continue to borrow up to 95% LTV.


From tomorrow, Nationwide is also launching two new remortgage products with a £1,499 fee – a two-year fixed rate at 1.19% and a five-year fix rate at 1.39%.


Both are available for loans of £300,000 or more at a maximum 60% LTV and will be available for both interest only and capital repayment loans. The Society’s no fee products paying 1.69% (fixed for two and five years) are also an option for loans of £300,000 or more.


For those looking for a loan of less than £300,000, borrowers have a choice of two and five-year fixed rate mortgages with either no fee or a £999 fee, starting from 1.29%.


For more information regarding mortgage rates and lending updates please feel free to speak to our expert Fiona 01745 591811.


https://www.financialreporter.co.uk/mortgages/nationwide-increases-intermediary-mortgage-lending-to-85-ltv.html

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