Nationwide Building Society is temporarily withdrawing high loan-to-value mortgage lending as it focuses on supporting existing members and processing ongoing applications while the coronavirus outbreak continues to impact the nation.
The move, which does not impact existing applications, means all fixed rate and tracker mortgages above 75 per cent loan-to-value will be withdrawn from sale, either online or via brokers, for remortgage, first time buyer and new house purchase customers.
Existing members moving home, taking further borrowing or switching product will not be impacted by the changes. The temporary withdrawal of products above 75 per cent LTV also applies to the society’s buy-to-let arm, The Mortgage Works.
-(2).png?sfvrsn=3b7e3050_0){kind=logo}
