Nationwide to cut 90% loan to value fixed rates by up to 0.70%

Monday, 3rd December, 2012

Nationwide Building Society is to cut is 90% loan to value (LTV) fixed rates by between 0.50% and 0.70%.

In its fourth wave of rate reductions in two months, the lender is cutting its 90% LTV two year fixed rates by 0.70%, with rates now available from 4.49%, or 4.39% for existing customers. The rate changes will take effect from tomorrow.

It is also reducing its three year fixed rates by 0.60%, with rates available from 4.69% (4.59% for existing customers) and its five year fixed rates by 0.50%, with rates starting from 4.99% (4.89% for existing customers).

If you are a first time buyer or home mover we will be happy to help.  Here at Complete Mortgages, Guildford, Surrey we have whole of market access so can assist in almost any situation.  Please call us on 01483 233014 for a consulation.

Nationwide to stop interest only mortgages from 11th October 2012

Thursday, 4th October, 2012

Nationwide Building Society have just announced that they will no longer be offering interest only mortgages on residential mortgages from Thursday 11th October, for new or additional borrowing.

Their existing customers may retain their interest only mortgage, but cannot increase their borrowing on that basis.

Buy to let lending is not affected.

We expect that other lenders will follow suit and the advice from Complete Mortgages is to review your interest only mortgage arrangements on a regular basis.  If you would like to discuss your arrangements please call us on 0845 658 6060 / 01483 233014.