Helping hand for first time buyers – Nationwide offers a 2 year fix at under 4%.
The Nationwide has announced a deal to help smaller deposit first timer buyers purchase a home.
For 95% LTV a 2 year fixed rate mortgage is available at just 3.99% with a fee of £999. Apart from within its Help to Buy Range, this is the first 5% deposit mortgage the Nationwide has offered since 2008.
In addition the lender also has various 95% LTV 3 and 5 year fixed rate mortgages, with rates starting from 4.59% and 4.79% respectively which come with a £999 fee.
Save to Buy Mortgages are also available for those who have held an Isa or Save to Buy savings account for a minimum of six months. Every month £50 has to be paid in and no more than 3 months can be missed over a six month period.
The lender advises if you have saved for your deposit using a Nationwide account, you could also be eligible for up to £1,500 cashback upon completion.
If you would like more details on the Nationwide mortgages available and a comparison of these deals against the wider market, call us at Deal Direct.
- We are an independent whole of market broker with access to all mortgage lenders in the UK.
- We can find you the most competitive deal for your deposit level.
For a low rate quote call us on 0800 048 8828.
