You are here: Home - News -

Nationwide opens up further advances to brokers

by:
  • 25/11/2020
  • 0
Nationwide opens up further advances to brokers
Nationwide Building Society is opening up its further advance range to brokers from 1 December.

 

The further advance range will be available up to 85 per cent loan to value (LTV). The rates will match the society’s current further advance deals that are available directly to borrowers.

Rates start at 1.29 per cent at 60 per cent LTV and 2.99 per cent at 85 per cent LTV.

Brokers will receive a full new business procuration fee rate, with a minimum fee of £100.

Nationwide director of intermediary relationships Ian Andrew (pictured) said: “We know that having access to our further advance products is important to brokers given their continuing popularity with clients.

“We’ve listened to that feedback and have been working hard over the last few months to make the necessary changes and are delighted that we can now launch this proposition to brokers.

“Brokers remain very important to us and that is why we have continued to expand our product offering throughout this year, including the introduction of interest only products exclusively to brokers.”

 

There are 0 Comment(s)

You may also be interested in

Read previous post:
Houses of Parliament
We need to question the industry’s reliance on government help – Marketwatch

The government’s 95 per cent loan to value (LTV) initiative, should it come to fruition, would take pressure off the...

Close