Nationwide is the latest lender to reduce its maximum LTV for new business, but will continue to lend up to 95% LTV for existing mortgage members.
From tomorrow, Nationwide will now lend up to a maximum LTV of 85% for house purchase, remortgages and lending to first-time buyers. Speaking to Financial Reporter, a Nationwide spokesperson confirmed that all products up to 85% can be accessed either direct or via a broker.
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