Nationwide brings back 95% mortgage

luckyfool

looster wrote: »

If you were an existing Nationwide customer coming to the end of a deal, wouldn't you just go onto SVR rather than opt for either of these deals? I guess some like the security of a fixed rate perhaps

You misunderstand. These products are aimed at existing customers moving home. i.e. They may be in negative equity or be down to 90-95% on their current mortgage. As long as they can put down a total of 5% on the new property then Nationwide will now offer them an option where they would not previously.

adr0ck

Natwest have brought back 100% mortgages to existing customers

Squish_21

looster wrote: »

If you were an existing Nationwide customer coming to the end of a deal, wouldn't you just go onto SVR rather than opt for either of these deals? I guess some like the security of a fixed rate perhaps

I shall we moving to the SVR from my Nationwide fixed rate in March.

chunkytfg

caracal_77 wrote: »

4 months you mean?

depends where you live.

Gorgeous_George

poppy10 wrote: »

Nationwide...

Borrowers wanting a 95% LTV deal will have to pay 7.18% - that's 5.18 per cent above the Bank of England base rate.

But it is NOT a tracker deal so comparing it to BofE BaseRate is just sensationalism.

poppy10 wrote: »

Nationwide's best tracker deal for customers with a 40 per cent deposit is 4.49 per cent, 2.49 percentage points above base. This is also almost double the rate of its previous 95 per cent loan-to-value tracker deal, which was available in August, at 1.78 above base.

In August the BofE Base Rate was 5% so at +1.78 a tracker mortgage would have cost 6.78%. Maybe 7.18% isn't quite as much higher than August's available deals as you would to portray. Just 0.4% higher in fact.

GG

rover25

I read on another post yesterday that Natwest has brought back their 100% mortgages for existing customers. I checked their website and couldn't see any details. Does anyone know any more about it. What rates are they charging? Thanks