The nation’s biggest building society is launching two new two-year fixed rates at 95 per cent loan-to-value.
Rates start from 4.99 per cent for new customers and 4.89 per cent for Nationwide’s existing mortgage customers.
Rates on other 95 per cent LTV products offered reduced by 0.3 percentage points
The rates of 4.99 per cent have a £900 product fee and the 5.39 per cent rate has 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 per cent rate reduction for new applications.
Tracie Pearce, head of group mortgages at Nationwide, said: “These new products at 95 per cent 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.”
