Nationwide has announced that it is planning to restart its mortgage product range to include 90% LTV for first-time buyers. First-time buyers will be able to to get a Nationwide 90% LTV deal from Monday 20 July 2020. However, the deals will be available direct from the building society or through a mortgage broker. The…
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On Wednesday, chancellor Rishi Sunak announced an increase in of £500,000 in the threshold for property stamp duty relief in England and Northern Ireland. The general reaction to the news among the mortgage industry was positive, with the hope that the decision will get the market moving quickly after months of struggles amid the Coronavirus…
Nationwide one of Britain’s biggest mortgage lenders has decided to triple the minimum deposit for first-time buyers. From Thursday it will withdraw all its new loan deals where the first-time buyer only puts up a 5% deposit and set a new minimum deposit of 15%. Nationwide revealed it was making the move to protect new…
Halifax, HSBC, NatWest and Virgin Money have all updated their lending policies. They are changing their mortgage rates. Virgin Money has increased mortgage rates by up to 0.49% on 2, 3, and 5-year fixes to 90% LTV with a £995 fee, while there also increased to its 7-year and 10-year fixes. NatWest is also making…