The Nationwide launches a let-to-buy range.
The Nationwide BS has announced the launch of a new let-to-buy range for home-owners who are looking to move home but want to keep their current property.
Once the home-owner moves to their new property their old house can then be let out.
The new range of products launched is available to both new customers and existing Nationwide mortgage holders. Existing customers are offered a 0.1% rate discount by Nationwide and a £250 loyalty cashback bonus.
To have access to these deals the lender advises applicants must go through a mortgage broker. For a review of the mortgages on offer you should call an adviser on 0800 048 8828.
A spokesperson for the lender commented on this new type of mortgage to say that the intention is to be more flexible for customers, to allow them to have two types of home loan at the same time.
Range highlights include:
- A 2 year fix for 65% LTV at 2.99% with a £995 fee.
- A 2 year fix for 75% LTV at 4.09% with a £995 fee.
- A 5 year fix for 65% LTV at 3.99% with a £995 fee.
- A 5 year fix for 75% LTV at 4.49% with a £995 fee.
If you would like to apply for any of the mortgages on offer or would like a full product review with a comparison of deals in the wider market, call us at Deal Direct on 0800 048 8828.
Call Deal Direct for impartial advice and a low rate quote.
