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Nationwide to bump up rates on 95% LTV fixed deals

  • 03/03/2016
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Nationwide to bump up rates on 95% LTV fixed deals
Nationwide is increasing rates on its 95% loan-to-value (LTV) fixed rate products from tomorrow.

In a broker statement the lender said rates would be pushed up by 0.20%, with a 0.10% loyalty discount for existing Nationwide customers still applicable to the range.

For two-year 95% LTV fixed deals, the rate will rise from 4.09% to 4.49%, while Nationwide’s three-year products in the range will increase to 4.89% from 4.59%. Five-year fixed rates at 95% LTV will be bumped up from 4.89% to 5.09%.

The lender has made a number of radical changes to its proposition of late, including an amendment to its retirement age definition and a relaunch back into the restricted resale market. It has also introduced a ‘genuine bargain price lending’ option for homeowners looking to sell their properties at less than the open market value.

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