- Financial Conduct Authority Approved: 926528
- 020 3488 5441
- info@iifinancialservices.co.uk
Rightmove: Price of homes coming to market up £852
February 10, 2022Mortgage Guarantee Scheme Fails To Boost First-Time Buyers
February 23, 2022Nationwide Building Society has increased the maximum Loan-To-Value (LTV) available for homeowners who are keen to remortgage or borrow money to refurbish and update their properties in the new year.
Mortgage Solutions reports that as well as being available for borrowers looking to remortgage on a like-for-like basis, Nationwide has said that these products will also be available for those wanting to undertake additional borrowing against their property if required.
The following 90 per cent LTV products for remortgage will apply from 8 December*:
Two-year fixed rates: starting from 2.09 per cent with a £999 fee Five-year fixed rates: starting from 2.79 per cent with a £999 fee Two-year tracker rates: starting from 1.69 per cent with a £999 fee
Borrowers looking for a further advance will be given the option to apply for a two, three, or five-year fixed rate, or a two-year tracker at 90 per cent LTV, with rates starting from 1.29 per cent.
Nationwide’s Green Additional Borrowing product, which is to encourage homeowners to make their homes more environmentally friendly, will also be extended to 90 per cent LTV.
A flat rate of 0.94 per cent, with no product fee, is available on all LTVs for both two and five-year fixed rates where the money is being used to fund green home improvements, which is a significant rate reduction on the lender’s existing further advance rates
All products are available direct with Nationwide via telephone, branch and online, as well as via brokers.
During the last year, Nationwide has made many enhancements to their mortgage range, including the return to lending at 95 per cent LTV, the launch of Helping Hand, support for the Deposit Unlock scheme as well as recent criteria changes around bonus, overtime and commission.
If you’re looking for a remortgage broker in London, talk to us today.
*Think carefully about securing other debts against your home. Your home or property may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it.
A fee may be charged for mortgage advice. The exact amount will depend on your circumstances. I.I Financial Services Limited is an appointed representative of The Right Mortgage Limited, which is authorised and regulated by the Financial Conduct Authority. Registered in England & Wales company no. 10817448. Registered office Expressway G15, 1 Dock Road, London, E16 1AH
Correct at time of publication 08/12/2021*
AUTHOR
Imran Bhatti
Imran created I.I Financial Services Ltd. in 2020 after working in the mortgage industry for over 10 years. His main reason for ‘going it alone’ was Imran’s unwavering desire to put his clients first. Imran has worked for large corporate companies as well as smaller independent brokers but what he loves is the personal customer experience. His clients are like his family. Imran loves a challenge and when faced with an unusual case he will find a way to satisfy the clients’ needs. Nothing is too difficult. Imran is a family man who devotes his spare time to his three children. Anyone who knows Imran would describe him as fun, with a great sense of humour, generous, caring and extremely professional. Once you have met Imran and experienced his service you will stay with him for life.
