Nationwide cuts 95% LTV rates
Nationwide has cut a selection of 95% loan-to-value rates – as 2-year fixes stand at 3.89% with a £999 fee and 4.29% with no fee after a 0.35% reduction.
Its 3-year fixes have been cut by 0.40% to 4.39% with a £999 fee and 4.69% with no fee, while 5 year fixed rates have been reduced by 0.30% to 4.69% with a £999 fee and 4.89% with no fee.
Henry Jordan, Nationwide’s head of mortgages, said: “As part of Nationwide’s range of measures to help first-time buyers on to the housing ladder, we are reducing rates for those with smaller deposits looking for competitive mortgage deals and payment security over a range of terms.”
Existing customers benefit from a 0.10% discount on new customer rates, while first-time buyers will still qualify for £500 cashback on any product.