Here is the latest update from Nationwide Building Society. For full details see their latest product information here. Access these product via our direct to lender mortgage club and get the benefits of payment on completion.
Rate change
From tomorrow, Wednesday 11 May, we’re increasing selected fixed rates by up to 0.30% across our New Borrower and Existing Borrower product ranges.
We’re also increasing all our tracker rates by 0.25%.
For further details, visit our website or download our product guide below.
Remember, you can reserve a product without needing to submit a full mortgage application (FMA). You just need to submit a Decision in Principle (DIP). For full details please see our ‘How to reserve a product’ webpage.
Existing products must be reserved by 5pm today, Tuesday 10 May.
We’re increasing our maximum LTI for like-for-like remortgages
Like-for-like Remortgage update
We’ll now lend up to 6.5x loan-to-income (LTI) for clients remortgaging on a like-for-like basis. This change applies to all new remortgage applications with no additional borrowing submitted from today, Thursday 12 May.
Remember, your clients could borrow up to 90% LTV. And benefit from a free standard valuation and a choice of free legal fees or £500 cashback.
For more information on our Remortgage range visit our website.