News
02 Aug 2022
Nationwide increases maximum mortgage for those borrowing up to 90 per cent Loan-to-Value
- New maximum loans up to £5m available from 3 August across standard five-year product range
- Maximum loan-to-income increased to 5.5x for high earners on house purchase applications
12 May 2022
Nationwide increases maximum loan-to-income on like-for-like remortgages
- Maximum loan-to-income increasing from 4.49x to 6.5x on like-for-like remortgages
- Change applies to remortgage applications started from today, Thursday 12 May
- Available to those looking to remortgage without taking any additional borrowing
- Society’s change makes it easier for borrowers to move lender to secure better mortgage deal
04 May 2022
Home truths: Rising cost of living forces first-time buyers to put plans on ice for now
- 70% of hopeful homeowners delay purchases by average of nearly two years due to cost pressures
- 88% of prospective first-time buyers worried living costs are harming efforts to save deposits
- 48% reduce amount they save towards a deposit and 38% repurpose earmarked cash
- 69% willing to relocate to another part of the UK in order to get more for their money
- 65% say they need to buy with someone else to be able to afford a property
- Saving to move: 43% reduce socialising; 36% sell items and 12% shelve family plans
- Nationwide offers £500 cashback to first-time buyers who complete their mortgage with Society
10 Feb 2022
Nationwide increases support for first-time buyers by extending 'Helping Hand' to those with 5% deposit
- Society increases maximum Loan-to-Value available through Helping Hand mortgage to 95 per cent
- Helping Hand enables first-time buyers to borrow up to 5.5x income when taking 5 or 10-year mortgage
- Affordability boosted by 20% with a couple earning £50,000 able to borrow maximum of £275,000
- Helping Hand boost comes as affordability continues to be a major housing hurdle for many
05 Jan 2022
Nationwide announces new mortgage rates and changes following Bank Rate increase
- Society making changes to rates across fixed and tracker mortgage range from 6 January
- BMR and SMR increasing by 0.15% in line with Bank Rate from 1 February
07 Dec 2021
Nationwide increases maximum LTV to 90% for remortgages
- Society to allow remortgage lending with additional borrowing at 90% LTV
- Maximum LTV for further advances and Green Additional Borrowing also increased to 90% LTV
24 Nov 2021
Product update: Five-year fixed mortgages
On Thursday 25 November, Nationwide will be increasing rates on selected five-year fixed rate products up to 85% Loan-to-Value (LTV) by up to 0.20%.
10 Nov 2021
TMW relaunches its range of HMO mortgages
On Thursday 11 November, The Mortgage Works (TMW) is relaunching its range of House of Multiple Occupancy (HMO) mortgages.
10 Nov 2021
Nationwide reintroduces tracker mortgages
On Thursday 11 November, Nationwide will be relaunching its range of two-year tracker mortgages, with rate priced 0.40 per cent below the equivalent two-year fixed rates.
03 Nov 2021
Product update: fixed and tracker mortgages
On Thursday 4 November, Nationwide will be increasing rates on selected two, three and five-year fixed rate products up to 80% Loan-to-Value (LTV) by up to 0.35%.
26 Oct 2021
Product update - fixed rate mortgages
On Wednesday 27 October, Nationwide will be increasing selected two, three and five-year fixed rate products at 60% and 75% LTV by up to 0.07%.
13 Oct 2021
TMW cuts selected rates by up to 0.50%
On Thursday 14 October, The Mortgage Works (TMW) is reducing selected buy to let rates by up to 0.50%.