News

• Two, three and five-year fixed rate and two-year tracker products on offer
• Rates competitively priced from 2.49% with no set limit on numbers available
• Fee and non-fee options available to give would-be homeowners greater choice

• Nationwide increases support for first time buyers by raising lending limit to 90% Loan-to-Value (LTV) for many properties and would-be owners
• Will help more people benefit from the stamp duty freeze recently announced by government on properties up to £500,000
• Mortgages of up to 90% LTV available via Nationwide and through brokers from Monday 20 July

• Nationwide saw a 61 per cent increase in traffic to its Mortgage Affordability Tool
• Almost 50 per cent growth in use of its Quick Quote Mortgage Calculator
• Traffic to Nationwide’s Mortgage tools up by almost 70 per cent while Chancellor spoke
• Home movers in England could save on average £2,908 from stamp duty change

• Partial or full mortgage breaks available from today for those still impacted by Covid-19
• Payment breaks come as part of Nationwide's Home Support Package announced in May
• Members coming to the end of an initial payment break will be contacted by the Society
• Sits alongside Society's move to not repossess any home hit by Covid-19 until May 2021

• Maximum LTV of 85% for house purchase, remortgages and lending to first-time buyers
• Society maintains lending up to 95% LTV for existing mortgage members
• Two and five-year fixed rates reduced by up to 0.1% for those with 40 per cent deposit

The Mortgage Works (TMW) is tomorrow, Wednesday 3 June, launching a new one-year fixed rate Buy to Let product aimed at landlords who are looking to switch to a new product at the end of their current TMW deal.

From Thursday 28 May, Nationwide Building Society is reducing rates on selected two, three, five and ten-year fixed rate switcher mortgage products, as well as its two-year tracker mortgages, by up to 0.25 per cent. The Society will also be reducing rates on its range with a £1,499 fee and its Later Life mortgage products (Retirement Interest Only and Retirement Capital and Interest) by up to 0.40 per cent.

• Those in financial difficulty due to Covid-19 to benefit from new Home Support Package
• No Nationwide mortgage holder impacted by Covid-19 will lose home in next 12 months
• Partial or full mortgage payment breaks for people still impacted as a result of outbreak
• These additional support options to become available once current arrangements expire

From tomorrow (7 May 2020), The Mortgage Works (TMW), the specialist buy to let arm of Nationwide Building Society is making changes to its buy to let mortgage range.

From Wednesday 6 May, Nationwide will reduce selected fixed rates by up to 0.35 per cent and is launching a new two-year tracker at 60% LTV. Selected two-year tracker rates will also be amended.

• Society still accepts new applications up to 95% LTV via telephone and branch video
• Existing members can continue to borrow up to 95% LTV
• Society is also launching competitive fixed rate products for remortgages with £1,499 fee
• Fixed rate switcher products up to 60% LTV reduced by up to 0.10%

• Products available for remortgage applications via brokers, up to maximum 60% LTV