Nationwide improves 95 per cent mortgage range for existing customers

Existing Nationwide customers who are moving home or wish to switch products will be able to avail of mortgages with smaller deposits from Friday (January 24^th) with the launch of two new 2 year fixed rates at 95 per cent loan to value (LTV).

Rates now start from 4.89 per cent with a £900 product fee and 5.29 per cent with no product fee.

Main Details:

• New 4.89 per cent two year fixed rate up to 95 per cent LTV with £900 product fee for existing Nationwide mortgage customers moving home or switching products
• Non-refundable booking fee of £99 is payable on reservation
• New 5.29 per cent two year fixed rate up to 95 per cent LTV with no product fee for existing Nationwide mortgage customers moving home or switching products
• Non-refundable booking fee of £99 is payable on reservation

Tracie Pearce, Head of Group Mortgages at Nationwide, said: “These new loans at 95 per cent LTV are further evidence that Nationwide is strongly committed to playing a leading role in the financing of the housing market.  We enable homebuyers with smaller deposits to access very competitive rates.”

Also effective from Friday 24 January, all other products at 95 per cent LTV will be decreased by 0.3 percentage points.