News

• Selected rates for first-time buyers and home movers from 80% LTV cut by up to 0.20%
• New rates ensures Society remains highly competitive for those with smaller deposits
• New market-leading shared equity rates with selected mortgages reduced by up to 0.34%

• Five-year fixed at 60% LTV at 0.99% with £1,499 fee – available to home movers and remortgages
• Society gives further choice to homebuyers with introduction of new three-year fixed rate range with rates aligned to Society’s two-year products
• Selected two and five-year fixed rate products for home movers, first-time buyers and those remortgaging reduced by up to 0.40%

The Mortgage Works (TMW) is returning to lending at 80% on its buy to let, let to buy, large portfolio and limited company range of mortgages after withdrawing from the market at the height of the pandemic.

Nationwide Building Society will be reducing selected fixed and tracker rates across its range by 0.35 percentage points from 30 June 2021.

On Friday 18 June, The Mortgage Works (TMW) is reducing selected five-year fixed rate buy-to-let remortgage rates by up to 0.30%.

Nationwide Building Society will be reducing selected two and five-year fixed rates across its range by 0.16 percentage points from 18 June 2021.

• Two-year fixed rate at 60% LTV at 0.99% - available for remortgage with £1,499 fee
• Selected first-time buyer and homeowner rates reduced by up 0.20%
• Follows launch of Society’s lowest ever further advance rate: 0.75% for Green Additional Borrowing

• Member Prize Draw runs monthly for a year with members sharing £1m in each draw
• 8,008 chances to win each month with a top prize of £100k, 2 x £25k, 5 x £10k and 8,000 x £100
• Eligible members with a Nationwide mortgage, savings or current account automatically entered
• First draw takes place in September, although members can simply opt out if they wish to
• Nationwide’s latest offering showcases benefits of a building society by rewarding membership
• Member Prize Draw builds on success of Nationwide’s recent savings-focused prize draws

• 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

• £500 cashback for homebuyers purchasing EPC-A rated properties; £250 for high EPC-B rated
• Green Reward available across all Nationwide’s purchase mortgage range
• Available on all types of properties; direct through Nationwide and via mortgage brokers
• Follows on from Society reducing rate on Green Additional Borrowing to 0.75%
• Nationwide’s Green Additional Borrowing product also now available via mortgage brokers

From 22 April, Nationwide Building Society will return to allowing bonus, overtime and commission income to be included as part of the mortgage affordability calculation.

• First major lender to offer first-time buyers ability to borrow 5.5 times salary up to 90% LTV
• New Helping Hand option to enable homeownership for many who have been frozen out
• Nationwide makes £1 billion available for lending on higher loan-to-income mortgages
• Last ten years saw average first-time buyer property prices jump 41%, while income rose 18%
• Move marks next step in Society’s plan to support those looking for a home of their own