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 and product changes
In recent days swap rates have increased at unprecedented levels. This is in response to the current economic conditions as the market factors in further predicted rises to the base rate.
So, from tomorrow, Wednesday 28 September, we’re increasing rates across our New and Existing Borrower product ranges. In addition, we’re expanding our range of 10 year rate options up to 95% LTV.
We’re continuing to support the market and we’re not withdrawing any products from our standard range.
We’re also making changes to our Helping Hand range, including limiting 5 year fixed products to 90% and 95% LTV. This has been done to ensure the Society’s high loan-to-income lending stays within the current regulatory limit of no more than 15 per cent of total lending.