17 May 2021

Nationwide launches 95 per cent Loan-to-Value mortgages with market-leading rates to help first-time buyers and home movers

  • Nationwide largest lender to relaunch 95% LTV loans outside Mortgage Guarantee Scheme
  • Market-leading rates from 3.49% with all products under 4% for first-time buyers and home movers
  • Available via brokers and direct through Nationwide to help those struggling to save a deposit
  • Follows launch of Helping Hand up to 90% LTV allowing FTB option to borrow up to 5.5x income

Nationwide Building Society is to become the largest mortgage provider to reintroduce 95 per cent Loan-to- Value (LTV) home loans without government support. These will launch on Thursday 20 May.

As a building society founded to help people into a home of their own, Nationwide is committed to finding new ways of making this happen. The new mortgage range will be available to those looking for their first home as well as new customers who are moving, ensuring as many people as possible can benefit.

The Society’s new 95 per cent LTV offering will offer market-leading rates starting from 3.49%, with all products under 4%. There will be two and five-year fixed rates as well as a two-year tracker product, all of which will come with various fee options.

Nationwide’s new 95% LTV range for first-time buyers and new customers moving home




Two-year fixed rate





No fee


Five-year fixed rate





No fee


Two-year tracker rate





No fee


As with all of Nationwide’s mortgages, first-time buyers will get £500 cashback when they complete their 95 per cent LTV mortgage with the Society.

The new products, which will not be part of the Government’s Mortgage Guarantee Scheme, will be available via mortgage brokers and also directly through Nationwide (phone, video appointment and in branch).

The latest announcement follows on from the launch last month of ‘Helping Hand’, which enables first-time buyers the option of borrowing up to 5.5 times their income when taking a five or ten-year fixed rate up to 90 per cent LTV.

The Society’s 95 per cent LTV range will also mirror the criteria currently applied at 90 per cent, therefore it will only be available to employed borrowers1. The property must also be a house2. New build houses are excluded, although Nationwide continues to support the Government’s Help to Buy equity loan scheme.

The Society is also adding three new products at 95 per cent LTV for existing members moving home, all of which come with a £1,499 fee and match the equivalent new customer rates.

Nationwide has a range of online calculators to help give first-time buyers and home-movers an idea of how much the Society will lend and what monthly repayments might be.

Henry Jordan, Director of Mortgages at Nationwide Building Society, said: “Deposits and affordability are two of the major issues currently facing first-time buyers, making it harder than ever for them to get their first home. We believe that with the launch of our new market-leading 95 per cent range, along with the recent introduction of Helping Hand, we are playing a leading role in helping to tackle both these issues and giving people even more choice as they look to move into a home of their own.

“As the UK’s biggest building society and second largest lender, supporting people into their first home is at the heart of what we do. As one of the leading lenders to first-time buyers, we feel confident returning to the 95 per cent LTV market without the need for the Mortgage Guarantee Scheme. By not being part of the scheme, we can provide improved value to our members and this is demonstrated by the market-leading rates we’re announcing today.”

Notes to editors

1 Not available to self-employed borrowers. Nationwide currently has a maximum LTV of 85% for self-employed applications.

2 Flats are excluded. Nationwide currently lends up to a maximum 85% LTV on flats.