Nationwide has announced rate cuts for higher loan-to-value (LTV) mortgages, effective from tomorrow, Friday 21st March.
These reductions affect selected 2-year, 3-year, and 5-year fixed-rate products between 80% and 95% LTV, benefiting first-time buyers, home movers, and those looking to remortgage.
Key changes include a sub-5% rate for first-time buyers and home movers at 95% LTV.
The new rates include a 5-year fixed rate at 95% LTV with a £999 fee reduced to 4.99%, and a 2-year fixed rate at 90% LTV with no fee reduced to 4.99%.
Additionally, Nationwide is introducing new £1,499 fee products at 90% and 95% LTV.
Carlo Pileggi, Nationwide’s senior manager for mortgages, said: “Our latest rate cuts will be welcome news to borrowers with smaller deposits, particularly first-time buyers, and we’re pleased to once again be offering rates below five per cent for those with a five per cent deposit.
“The introduction of our new £1,499 fee products will also widen the choice of products available for those who are considering Nationwide for their mortgage needs.”
