Nationwide mortgages offer lower deposit buyers a helping hand.
The Nationwide has announced that it is reducing rates on selected mortgages. Various fixed rate deals for 85% and 90% LTV are now down in price.
Included in this price cut are 10 and 5 year fixes, which have been reduced by up to 0.45%. For those with a 10% deposit rates start at 2.99% for a 2 year fix. Fees are set at £999. For buyers with a larger deposit, rates are lower and start at 2.04% with the same fee.
For buyers looking for the extra security a longer term fix brings, a 10 year deal for up to 85% LTV is available at just under 4%. Rates for shorter terms start at 2.04% which is for a 2 year fix. Fees once again are set at £999.
In addition the Nationwide has also reduced deals in its Flexclusive range, which is available to main current account customers. In this range fixed rate deals for 85% LTV start 2.94%.
For first time buyers the lender has launched a new 95% LTV fixed rate range at under 4%. These deals are not part of Help to Buy, and £500 cashback is on offer. Home movers are also eligible to apply.
For a review and a ‘like for like’ comparison of all UK mortgages on offer, call an adviser at Deal Direct.
For impartial advice and an independent mortgage search,
call us on 0800 048 8828.
