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Nationwide cuts five-year fix for new business

Nationwide is reducing all five-year fixed rates by 0.1% for new applications. It is now offering a five-year fixed rate at 3.69% up to 70% LTV, with a £900 product fee and a £99 booking fee for house purchase and remortgage customers.

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Top marks to GE Money Home Lending for offering a helping hand to first-time buyers and while Chelsea’s 10-year fix might provide stability, a word of warning is needed on likely ERCs

Nationwide changes policy on shared equity loans

Nationwide will no longer lend on an interest-only basis for shared equity mortgages as part changes to its shared equity criteria. The lender is also including 3% of the equity share loan as an outgoing in clients’ affordability calculations. It says this change has been made to ensure borrowers can afford to repay the mortgage. […]

Top seaside property hotspots revealed

Like to let beside the seaside? The latest research from LendInvest looks specifically at coastal towns to find which areas offer the top average rental yields to landlords. Where are the top seaside postcodes for landlords? The interactive map below looks at the highest rental yields along the UK coast. According to the data, Hull, […]

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