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25 October 2013
From Friday October 25, Nationwide is further supporting first time buyers and home movers with smaller deposits with reductions on all rates at 80 per cent, 85 per cent and 90 per cent loan-to-value.
All fixed rates available at 90 per cent loan-to-value (LTV) will be cut by 0.30% and fixed and tracker rates at 80 per cent LTV and 85 per cent LTV by 0.10% for new applications.
First time buyers will continue to receive a £500 discount on the product fee for all mortgages with a £900 product fee. An additional 0.1% reduction is available on all rates for new applications from existing Nationwide mortgage customers.
None of Nationwide’s mortgage rates is being increased.
Key highlights include:
Tracie Pearce, head of group mortgages at Nationwide, said: “These reductions at 80-90 per cent LTV demonstrate how Nationwide is committed to supporting both first time buyers and home movers, enabling those with smaller deposits to access very competitive rates.
“In particular, the reduction of two year fixed rates available up to 90 per cent LTV by 0.30% means that we are offering rates to both new and existing customers below 4 per cent.”
Notes to editors:
Throughout the deal period, a percentage of the outstanding loan is payable as detailed below. Overpayments of up to 10% per annum are permitted without the need to pay an early repayment charge.
*To get access to our range of Flexclusive offers you must either:
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
About Nationwide Building Society
Nationwide is the world's largest building society as well as the second largest savings provider and a top-three provider of mortgages in the UK. It is also a major provider of current accounts, credit cards, ISAs and personal loans. Nationwide has around 15 million members.
Customers can manage their finances in branch, on the telephone, internet and post. The Society has around 15,000 employees. Nationwide's head office is in Swindon with administration centres based in Northampton, Bournemouth and Dunfermline. The Society also has a number of call centres across the UK.