Nationwide mortgage rates for NewBuy.
As Nationwide mortgage rates are announced for NewBuy loans, first time buyers may be finding it difficult to compare rates with others in the market. As products are coming on to the market from a variety of lenders it is becoming clear that each lender is offering deals in a slightly different way.
The NewBuy scheme, backed by the government, is aimed at making it easier for you to get onto the housing ladder if you are a first time buyer with a deposit a low as 5%. However the comparison of NewBuy products is a difficult task for first time buyers.
If you need information or advice about the NewBuy scheme or other first time buyer deals, call Deal Direct. Our professional advisers can guide you through the process of looking for, selecting and applying for a mortgage for the first time.
If you are looking for a Nationwide mortgage, rates are now available for a number of fixed rate NewBuy deals. Nationwide loans are available up to a limit of £250,000 at a maximum of 95% loan to value. In addition to the larger house building companies, Nationwide is also focusing on deals with smaller developers such as Fairview New Homes, with developments in the south east.
Nationwide has both three and five year fixed rate deals at a variety of different rates subject to lending criteria and different fee levels. If you are interested in any Nationwide mortgage rates, call Deal Direct and we can compare current rates with other products in the market to find you the best deal to suit your circumstances.
