Overview
- From 5 November, Nationwide reduces rates by up to 0.25 percentage points across two-, three-, five- and 10-year fixes, covering remortgage and switcher products up to 95% LTV.
- The lowest headline rate is 3.64% on a two-year fix at 60% LTV for home movers, subject to a £1,499 product fee.
- Products with the £1,499 fee come with a minimum loan size requirement of £300,000.
- Nationwide expands interest-only lending to all buyer types up to 75% LTV, or up to 85% on part interest-only, and will accept UK savings, investments, pensions, and other properties as repayment sources.
- Moneyfacts reports average mortgage rates have dipped below 5% for November, and HSBC has introduced an LTI cap of up to 6.5 times income for Premier customers as competitive moves continue.