Nationwide has launched a pair of new 95% loan-to-value products for its existing borrowers.
The products are a two-year fixed rate product at 4.89% with £999 in total fees or a 5.29% product with a £99 booking fee only.
The products are available to all existing mortgage customers moving home or looking to switch products.
Nationwide has also cut all other 95% products by 0.3%, effective from Friday 24 January.
Nationwide is the only one of the UK’s six biggest lenders not to participate in the Help to Buy mortgage guarantee scheme.
Tracie Pearce, head of group mortgages at Nationwide, said: “These new loans at 95% LTV are further evidence that Nationwide is strongly committed to playing a leading role in the financing of the housing market. We enable homebuyers with smaller deposits to access very competitive rates.”
