Brilliant Solutions

Nationwide Update

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. 

90% LTV product details and selected rate changes

From Thursday 16 July 2020, we’re increasing selected 85% LTV rates across most buyer types and Equity Share rates.

From Monday 20 July 2020, we’re reintroducing 90% LTV products for first time buyers.

All other buyer types will remain limited to 85% LTV, except existing borrowers house purchase and switching.

Existing borrowers moving home who are looking to borrow above 85% LTV will continue to be limited to doing so on a like for like basis, based on their current LTV.

Please find a summary of the changes below:

From Thursday 16 July 2020

First time buyer & home purchase (excluding Equity Share)

  • 2 year fixed rates at 85% LTV increased by up to 0.20%
  • 3 year fixed rates at 85% LTV increased by up to 0.15%
  • 5 year fixed rates at 85% LTV increased by up to 0.15%
  • 2 year tracker rates at 85% LTV increased by 0.30%

Equity Share for first time buyers & home purchase

  • 2 year fixed rates at 60% and 75% LTV increased by 0.05%
  • 5 year fixed rates at 60% and 75% LTV increased by 0.05%
  • 2 year tracker rates at 60% and 75% LTV increased by 0.15%

Remortgage

  • 2 year fixed rates at 85% LTV increased by up to 0.30%
  • 3 year fixed rates at 85% LTV increased by up to 0.45%
  • 5 year fixed rates at 85% LTV increased by up to 0.45%
  • 2 year tracker rates at 85% LTV increased by 0.30%

Existing borrowers moving home

  • 2 year fixed rates at 85% LTV increased by up to 0.30%
  • 3 year fixed rates at 85% LTV increased by up to 0.45%
  • 5 year fixed rates at 85% LTV increased by up to 0.45%
  • 2 year tracker rates at 85% LTV increased by 0.30%

Existing borrowers moving home Shared Equity

  • 2 year fixed rates at 60% and 75% LTV increased by 0.05%
  • 5 year fixed rates at 60% and 75% LTV increased by 0.05%
  • 2 year tracker rates at 60% and 75% LTV increased by 0.15%

From Monday 20 July 2020

First time buyers

  • 2 year fixed rates – £999 fee product launched at 2.49% with the no fee option at 2.74%
  • 3 year fixed rates – £999 fee product launched at 2.79% with the no fee option at 2.99%
  • 5 year fixed rates – £999 fee product launched at 2.79% with the no fee option at 2.99%
  • 2 year tracker rates – £999 fee product launched at 2.59% with the no fee option at 2.84%  

 

Share this:

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top