The five-year product is now at a rate of 5.69% and is available at a maximum 95% Loan to Value (LTV). Aimed at first time buyers it comes with no completion fee.
The society has launched a two year deal and is available at a rate of 5.49%. There are no early repayment charges for anyone wishing to increase the amount they pay back.
These products are available through NBSIS’ key accounts Legal & General, Openwork, PINK, First Complete, Intrinsic, Positive Solutions and Brilliant Solutions, Sesame and TMA.
Steven Marks (pictured), corporate development executive, said: “We know first time buyers need as much help as they can, so by reducing our rate we’re attempting to help as many as them as possible. We believe this will be welcomed by our brokers too as the lower rate will help reduce their clients’ monthly payments and the low fees means money can be saved at the costly move stage.”
Last week Nationwide announced it was also making reductions to selected three year fixed-rate mortgages for existing customers with a 90% LTV.
