From tomorrow Nationwide is increasing its maximum loan-to-value to 90% for customers remortgaging from other lenders on a like-for-like basis.
Mortgages at 90% LTV include 2-year products at 2.39% with a £999 fee and 2.79% with no fee.
There is also a 3-year product option, starting at 2.74%, and 5-year products at 3.19% with a £999 fee and 3.39% with no fee.
Remortgage customers can benefit from a free standard valuation and the choice between free standard legal work and £250 cashback.
Henry Jordan, Nationwide’s head of mortgages, said: “We are extending our range of remortgage products to 90% LTV in response to growing demand and to help the most customers possible.
“This will be particularly useful for first time buyers who bought with a smaller deposit and are now looking for a lower rate at the end of their current deal.
“With the combination of competitive rates and access to additional benefits, Nationwide will continue to offer mortgage deals that are amongst the best on the high street.”