Following the move by Woolwich / Barclays at the end of October, Nationwide has announced that it will now again lend up to 90% Loan to Value (LTV) for house purchase and first time buyers.
The maximum for re-mortgages remains at 85% LTV.
Rates are competively priced (3 and 5 year fixes) and it is more good news that competition continues to increase in this key part of the market.
First time buyers can continue to take advantage of the £500 product fee discount, to help with the upfront costs of moving into a home.
Please note that the maximum LTV for new build houses will remain at 85%, and new build flats at 75%.
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