Reduced Interest Rate On 50% LTV Fixed Rate Mortgages From Nationwide

Nationwide has reduced the interest rate on its 2 year fixed rate mortgages with 50% LTV.

The interest rate on new applications for 2 year fixed rate mortgages with up to 50% LTV will be reduced by 0.15% with rates starting from 2.99%.

Rates vary according to the level of product paid and whether you are a house mortgage customer, looking for a remortgage or are switching mortgage products:

• interest rate 2.99% with £400 product fee for house purchase customers
• interest rate 2.99% with £900 product fee for remortgage and switcher customers
• interest rate 3.39% with no product fee for house purchase, remortgage and switcher customers.

The above products all have a £99 booking fee, payable upfront and non-refundable. Mortgages are subject to underwriting criteria. The actual rate available will depend upon the borrower’s circumstances.

Overpayments of up to £500 per month are permitted without attracting early redemption penalties.

Other mortgage products are available from Nationwide including

• Lending above 85% LTV on three and five-year fixed rate mortgages
• 95% LTV mortgages for existing Nationwide mortgage borrowers switching at the end of their current deal or moving home and Save to Buy customers.
• 90% LTV mortgages for existing Nationwide mortgage borrowers switching at the end of their current deal or moving home, Save to Buy customers and Flexclusive customers.
• First-time buyers can access 90% or 95% LTV products through Save to Buy and 90% LTV products through Flexclusives.
• 75% LTV on new build flats and 90% LTV on new build houses.