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Nationwide Building Society has reintroduced a 95% loan-to-value mortgage to its existing customers. However, borrowers will have to pay an interest rate of 7.18%, which is 5.18% above base rate, for a two-year, fixed-rate mortgage. A minimum of £25,000 must be borrowed and there is no arrangement fee. Although the new product is expensive, it will [...]
More: Return of 95% LTV mortgage from Nationwide |
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Kinf of a pointless move really as existing Nationwide mortgage customers could just move onto their SVR at 4% which will cost them nothing and they will also have no early repayment charge.
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Worldwide Financial Planning is a specialist independent provider of Large mortgages. |
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