Nationwide enhances 90% LTV fixed rate mortgage range

Nationwide is launching a new, competitive 2 year fixed rate at 90% LTV for first time buyers, home movers and existing customers moving home on Thursday 12 January.

The Society is offering a rate of 5.29% with a £900 product fee or 5.69% with no product fee.

The Society will also make a number of other pricing changes on selected fixed and tracker mortgage rates with effect from Thursday 12 January 2012.

Martyn Dyson, head of mortgages at Nationwide, said: "We are continuing our support for the housing market by extending our range of 90% LTV mortgages to now include 2 year fixed rate products. It means we offer a comprehensive fixed rate range at 90% LTV including two, three and five year fixed rate deals, offering some of the best low deposit deals currently available.

The Society continues to offer a range of 95% LTV mortgages which are available to first-time buyers through Save to Buy and for existing customers when moving home or switching."

New rates include:

Two-year fixed rate available at 5.29% (90% LTV)

£900 product fee, £99 booking fee (payable upfront and non-refundable) for house purchase and existing customers moving home
Fee free option available at 5.69%, £99 booking fee will still apply
£500 product fee discount for first-time buyers
Other rates starting from 2.99% at 60% LTV (£900 product fee, £99 booking fee) are also available

Other mortgage deals available include:

Five-year fixed rate available at 3.59% (70% LTV)

£900 product fee, £99 booking fee (payable upfront and non-refundable) for house purchase, remortgage and existing customers
Fee free option available at 3.79%, £99 booking fee will still apply
£500 product fee discount for first-time buyers
Other rates available at 75% LTV and above are available