Nationwide’s 95% LTV mortgage is this week’s top choice for first-time buyers, says Moneyfacts.
Having received a 20 basis point rate cut to take it to an “enticing” 3.39% for a five-year fix, Moneyfacts financial expert Eleanor Williams says its value is boosted further by its free valuation and £500 cashback, which goes some way towards offsetting the £999 fee it charges.
Second-time buyers may also apply for this mortgage.
“When considered as a whole package, this deal earns a place in our top tables for first-time buyers and an Outstanding Moneyfacts product rating,” adds Williams.
Two other mortgages have earned a nod from Moneyfacts this week: The 85% LTV two-year fix from Leek United Building Society, which charges 2.19% with no arrangement fee and £400 cashback and Accord Mortgage’s 80% LTV five-year fix at 1.98%.
This latter product charges a “reasonable” fee of £995 and offers £1,000 cashback.
“Following this update, the product receives an Excellent Moneyfacts product rating and maintains its place in our top tables for Flexible products,” concludes Williams.
