The rates of 4.99% with a £900 product fee and 5.39% with no product fee are for customers using the Society’s Save to Buy scheme or its existing mortgage customers moving home or wishing to switch products.
With Nationwide mortgages, first time buyers receive a £500 discount on the product fee for all mortgages with a £900 product fee. Existing Nationwide mortgage customers moving home or switching products benefit from an additional 0.10% rate reduction for new applications.
The two products are a 4.99% two year fixed rate up to 95% LTV with £900 product fee, with reduced fee for FTBs, and a 5.39% two year fixed rate up to 95% LTV with no product fee (5.29% for existing Nationwide mortgage customers).
Tracie Pearce, Head of Group Mortgages at Nationwide, said:
"These new products at 95% LTV are further evidence that Nationwide is strongly committed to playing a leading role in the financing of the housing market, by supporting both first time buyers and home movers. We enable homebuyers with smaller deposits to access very competitive rates - nearly one in four of the mortgages we provide are to first time buyers.”
