Nationwide reduces rates on 90% LTV products

Jake Carter

January 12, 2021

nationwide remortgage

Nationwide Building Society is set to reduce rates across various products in its mortgage range, effective from 13 January.

Selected first-time buyer, house purchase and shared equity rates are being reduced by up to 0.40%.

Notable deals include the 75% LTV 2-year cut by 0.40% to 1.59%, with a £999 fee.

The 90% LTV 2-year fix has also been reduced, by 0.25% t0 3.24%, with a £999 fee.

This product is also available at 3.49% with no fee.

In addition, the lender has reduced products within its remortgage range by up to 0.45%.

This includes the 85% LTV 5-year fix cut by 0.45% to 2.79%, with a £999 fee, or it is available at 2.99% without a fee.

Rates on Nationwide’s Existing Customers Moving Home and Further Advances range will be reduced in line with those outlined above.

Furthermore the society’s 2, 3, 5 and 10-year switcher products at 60% and 75% LTV will be reduced by up to 0.20% with rates starting from 1.09%.

Nationwide will be reducing selected rates on its Green Additional Borrowing range by up to 0.35%.

On its later life mortgage range, the society is reducing rates on its 2 and 5-year fixed and 2-year tracker retirement capital and interest (RCI) and retirement interest-only products by 0.20%.

Rates will start from 2.39%.

Henry Jordan, director of mortgages at Nationwide, said: “These latest rate reductions showcase to borrowers that we want to continue offering some of the most competitive mortgage products on the market, as we look to support as many people as possible buying a new home or remortgaging their existing home.

“For those looking at their current property, we’ve also made a number of rate reductions on our Green Additional Borrowing and later life deals.”

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