Nationwide reprices high LTV product range

Nationwide Building Society is re-pricing its mortgage range, reducing rates by up to 0.20% at 80%, 85% and 90% LTV and increasing rates by 0.10% at 70% LTV.

Related topics:  Mortgages
Amy Loddington
8th May 2014
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All 85% and 90% LTV rates have been reduced by 0.20% and 80% LTV products by 0.10%. Products at 70% have been increased by 0.10%, and all products on the 60% LTV tier will be priced 0.10% below 70% LTV equivalent rates.

Tracie Pearce, head of group mortgages at Nationwide, said:

“This re-price is aimed at helping those who need it most – first time buyers. Our mortgage lending currently helps more than one in every five first time buyers get the key to their own front door. As we announced earlier this week, our Save to Buy scheme has proved to be a great success and in the last three years, we have helped thousands of aspiring home buyers.

“Whilst we look to maintain all round competitiveness in our pricing to help maintain the healthy recovery in the housing market, our main priority is providing affordable mortgages to first time buyers and customers with low deposits.”

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