Nationwide lifts rates for new and existing customers | Mortgage Strategy

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Nationwide has lifted fixed-rate home loans for new and existing customers across a range of products that come to market on Friday 10 June.

New Business

The mutual says the changes that affect new members include a two-year home move at 95% loan to value at 3.14%, with a £999 fee. And a five-year home move at 90% LTV at 3.34% with no fee.

First-time buyer loans at 95% LTV at 3.34%, with a £999 fee. And a five-year home move at 95% LTV at 3.84%, with a £999 fee.

New member and FTB two-year shared equity loans at 60% LTV at 2.99%, with a £999 fee. And five-year offers at 80% LTV at 3.09%, with a £999 fee.

A two-year remortgage at 75% LTV at 2.89%, with a £999 fee. And a five-year deal at 90% LTV at 3.19%, with a £999 fee.

The minimum loan amount for all the above products is £25,000.

Exiting Business

Exiting members moving home loans for two-year offers at 80% LTV at 3.24% with no fee. And for five years at 95% LTV at 3.39%, with a £999 fee. The minimum loan amount for these products is £5,000.

Existing member and FTB two-year shared equity loans at 80% LTV at 2.99%, with a £999 fee. And a five-year offer at 60% LTV at 2.99, with a £999 fee. The minimum loan amount for these products is £5,000.

Additional borrowing for two-year loans at 90% LTV at 2.79%, with a £999 fee. And for five-year deals at 85% LTV at 2.84%, with a £999 fee. The minimum loan amount for these products is £5,000.

Green additional borrowing and green switcher additional for two-year loans at 90% LTV at 2.59%, with no fee. And for five-year offers at 90% LTV is also 2.59%, with no fee. The minimum loan amount for these products is £5,000.

Switcher loans for two-year loans at 95% LTV at 2.79%, with a £999 fee. And for five-year deals at 85% at 2.84%, with a £999 fee. The minimum loan amount for these products is £1,000.

Switcher additional borrowing for two-year deals at 60% LTV at 2.59%, with no fee. And for five-year offers at 85% LTV at 2.84%, with no fee.

The high-street lender says customers can reserve an existing product without needing to submit a full mortgage application by completing a decision in principle form on its hub and clicking on the ‘reserve product, button and following the prompts.

Existing products must be reserved by 8pm on Thursday 9 June.


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