Nationwide cuts high LTV rates

With a £999 fee highlights include a 95% LTV 2-year fix at 3.99% and an 85% LTV 2-year fix at 1.94%, while 5-year fixed rate options stand at 2.99% to 85% LTV and 4.79% with a £999 fee.

Nationwide has cut high loan-to-value mortgage rates by up to 0.20% – with 90% LTV 5-year fixes standing at 3.29% with a £999 fee.

With a £999 fee highlights include a 95% LTV 2-year fix at 3.99% and an 85% LTV 2-year fix at 1.94%, while 5-year fixed rate options stand at 2.99% to 85% LTV and 4.79% to 95% LTV with a £999 fee.

Fee free highlights include 2-year fixes at 2.34% to 85% LTV and 4.39% to 95% LTV, 3-year fixes at 3.29% to 90% LTV and 4.79% to 95% LTV and 5-year fixes at 3.19% to 85% LTV, 3.49% to 90% LTV and 4.99% to 95% LTV.

Henry Jordan, Nationwide’s head of mortgages, said: “We are reducing rates for those with smaller deposits who are looking for competitive rates and payment security over a range of terms, with a focus on first-time buyers who will continue to qualify for a £500 cashback.

“With the combination of competitive rates and access to additional benefits, Nationwide will continue to offer mortgage customers amongst the best deals on the high street.

“All mortgage valuations are now fee-free for all customers and Nationwide main current account customers can access a cashback of £250, both irrespective of which product they choose, further helping customers to secure a home of their own.”