Nationwide cuts 95% LTV mortgage rates.
In an effort to help smaller deposit buyers, the Nationwide has announced that it is reducing rates for those with just 5% as a deposit. Mortgage rates on the lender’s smaller deposit deals, have been cut by up to 0.4%.
Two year fixed rate deals have been cut by 0.35%, and range highlights include a 2 year fix at 3.89% with a £999 fee, and 4.29% offered fee free.
Nationwide’s 3 year fixed rates have also been cut, range highlights include a 3 year fix for 95% LTV at 4.39% with a £999 fee, and 4.69% offered fee free.
In the lender’s 5 year fixed rate range rates have been cut by 0.4%, and range highlights include a 5 year deal at 4.69% with a £999 fee, and 4.89% offered fee free.
When reviewing mortgage products, it’s essential that you compare products on a like for like basis to ensure you end up with the most competitive deal over all. It is therefore important to work out if you are better off with a lower rate with a fee, or a higher rate fee free.
When comparing products with varying fees, mortgage terms, incentives and fees it can be complicated to work out the overall affordability. To simplify the process, you are advised to enlist the help of one of our Deal Direct advisers.
We can undertake a whole of market review to find the best product for your financial needs. As we are independent are advice is impartial and based on your needs, and we work in your interest and not that of the lender.
For advice and a low rate quote call 0800 048 8828.
