Product news

Nationwide is today pleased to announce the appointment of Damian Thompson as its new Director of Mortgage Intermediaries and Partnerships – effective from Wednesday, 1 October.

• Rate reductions of up to 0.18 percentage points on selected products for new and existing customers
• First-time buyers and those looking to buy a new home will particularly benefit from these latest cuts
• Nationwide's lowest rate now stands at 3.80%

The Mortgage Works is tomorrow (Thursday 18 September) cutting rates on selected two and five-year fixed rate products across its mortgage range for new and existing customers.

The Mortgage Works will be reducing rates by up to 0.25 percentage points across selected limited company buy-to-let and HMO products for existing customers. The new rates will be effective from tomorrow, Friday 15 August.

From today, Tuesday 12 August, homeowners who are looking for a new mortgage deal may benefit from enhanced affordability when applying to remortgage to Nationwide. That means that Nationwide will apply a different affordability calculation when eligible applicants take out a five or 10-year fixed rate product, which may enable them to borrow more.

The Mortgage Works is tomorrow (Friday 1 August) cutting rates on selected two and five-year fixed rate products across its mortgage range.

• Rate reductions of up to 0.21 percentage points on selected products for new and existing customers
• First-time buyers, home movers and those looking to remortgage will benefit from these latest cuts
• Nationwide's lowest rate now stands at 3.74%

• For first time buyers, rates start from 3.94%
• For new and existing customers moving, rates start from 3.81%

• Nationwide to increase maximum loan-to-value on new build houses to 95% LTV, including for first-time buyers
• Nationwide largest lender to offer up to 6 times’ income, and 95% LTV on new build houses via Helping Hand scheme
• Maximum LTV on new build flats to be increased to 85% LTV
• Mortgage offers on new builds will be extended to nine months – providing more certainty and flexibility for borrowers
• Nationwide calls for an increase to the limit on high loan-to-income lending to help 10k more first-time buyers