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90% LTV mortgages to brokers from Nationwide

Nationwide is making available 90% LTV mortgages to all borrowers through the intermediary channel. These products were only available to existing Nationwide customers or those who use the society’s FlexAccount as their main current account. Head of intermediary sales at Nationwide Ian Andrew says: “This news is further evidence of how we are actively supporting the housing and mortgage markets, particularly for those with smaller deposits." “We know brokers often speak to customers who are struggling to raise deposits of 15% or more so we’re pleased that they will now be able to offer them our competitive three and five-year fixed rate deals with just a 10% deposit.” Products on offer include a three-year fix at 5.39% available up to 90% LTV, with a £900 product fee and £99 booking fee for house purchase customers. First-time buyers are given a £500 product fee discount. Nationwide is also offering a five-year fix at 90% LTV with a rate of 5.69% and the sam