Nationwide cuts rates on higher LTV deals
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Nationwide is cutting rates by up to 0.6% on deals up to 80% LTV as it launches a range of fixed rate and tracker deals.
The range includes a two-year fixed rate deal at 5.54% available up to 80% LTV with free legal fees and no reservation fee.
There is also a two-year tracker at 2.94%, or Bank of England base rate plus 2.44% up to 70% LTV, and a two-year tracker at 4.44% up to 80% LTV with a £995 fee.
Nationwide says the majority of its cuts will be made on deals with an LTV between 70% and 85%.
Andy McQueen, mortgage director at Nationwide, says: “We are making a number of rate cuts across our mortgage range of up to 0.60%, with the biggest cut being on selected two year products available with a 20% deposit.
“This, together with the special offers we have available for first-time buyers and house purchasers, is good news for those looking to move home in the New Year.”
Products will be available from January 8.
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