Nationwide offers new remortgage options to help relatives up the property ladder.
If you have relatives that you would like to help up the property ladder, you may be interested in Nationwide’s new remortgage range. Named ‘The Family Deposit Mortgage,’ the range is intended to appeal to those looking to upsize or downsize, with a view to helping family members.
The new products include fixed rate and tracker options. The details are:
- 2 year fixed rate, 1.20% plus fee
- 2 year tracker, 1.15% plus fee
A 5 year fixed rate option is also available.
Nationwide stipulate that the money raised by remortgaging must be used in the form of a fully gifted deposit for a house purchase for up to 80% LTV.
This could be an excellent way of supporting family to raise the necessary funds to purchase their own home. Other lenders’ are also seeking ways of providing borrowers with new routes to home ownership. Their products could prove to be more suitable and offer a better all-round deal, and seeking those products out is what Deal Direct do best.
Whatever your reasons for seeking a remortgage, to discover which options are available and would best suit your borrowing requirements, contact Deal Direct and speak to one of our highly-experienced advisers.
Call us today on 0800 048 8828.
