Nationwide are lifting mortgage rates for new and existing clients across their product range as of today (10th of June) meaning repayments will go up!
The building society have specifically said:
Nationwide Mortgage Rate Changes For New Mortgages:
- The changes that affect new members include a two-year home move at 95% loan to value at 3.14%, with a £999 fee. And a five-year home move at 90% LTV at 3.34% with no fee.
- First-time buyer loans at 95% LTV at 3.34%, with a £999 fee. And a five-year home move at 95% LTV at 3.84%, with a £999 fee.
- New member and FTB two-year shared equity loans at 60% LTV at 2.99%, with a £999 fee. And five-year offers at 80% LTV at 3.09%, with a £999 fee.
- A two-year remortgage at 75% LTV at 2.89%, with a £999 fee. And a five-year deal at 90% LTV at 3.19%, with a £999 fee.
- The minimum loan amount for all the above products is £25,000.
Nationwide Mortgage Rate Changes For Existing Business:
- Exiting members moving home loans for two-year offers at 80% LTV at 3.24% with no fee. And for five years at 95% LTV at 3.39%, with a £999 fee. The minimum loan amount for these products is £5,000.
- Existing member and FTB two-year shared equity loans at 80% LTV at 2.99%, with a £999 fee. And a five-year offer at 60% LTV at 2.99, with a £999 fee. The minimum loan amount for these products is £5,000.
- Additional borrowing for two-year loans at 90% LTV at 2.79%, with a £999 fee. And for five-year deals at 85% LTV at 2.84%, with a £999 fee. The minimum loan amount for these products is £5,000.
- Green additional borrowing and green switcher additional for two-year loans at 90% LTV at 2.59%, with no fee. And for five-year offers at 90% LTV is also 2.59%, with no fee. The minimum loan amount for these products is £5,000.
- Switcher loans for two-year loans at 95% LTV at 2.79%, with a £999 fee. And for five-year deals at 85% at 2.84%, with a £999 fee. The minimum loan amount for these products is £1,000.
- Switcher additional borrowing for two-year deals at 60% LTV at 2.59%, with no fee. And for five-year offers at 85% LTV at 2.84%, with no fee.
If you or someone you know has a Nationwide mortgage and wants to discuss your options, please feel free to give our mortgage advisor team a call and we will be more than happy to guide you and answer any questions you have.
