Property Investment News – Nationwide offers account holders 95% LTV mortgage – Mortgage strategy.co.uk – 04 May 2011 – By Natalie Thomas
Nationwide is to launch save to buy – an account for first-time buyers to save regularly towards their deposit that also enables them to apply for a 95% LTV mortgage.
The account will be available from May 6 2011, on a direct only basis.
Save to buy will offer first-time buyers a regular savings account paying a rate of 2.5% gross p.a./AER variable on balances up to £20,000.
Nationwide is to launch Save to Buy – an account for first-time buyers to save regularly towards their deposit that also enables them to apply for a 95% LTV mortgage.
The account can be opened with £50 and customers have to save at least £50 per month, plus customers have the flexibility of not paying the minimum monthly amount for up to three months during a rolling 12-month period. If the first-time buyer goes on to take out a Nationwide 95% LTV mortgage, there is also a cash-back reward of up to £1,000.
One Great Property Idea
Masterclass
How Property Investors with Little Time Can Invest in New Build and Off Plan Property using a Regeneration Strategy and Where Exactly to Invest in 2022.
THIS WEDNESDAY @
1230pm London GMT
Masterclass Begins
TUESDAY
1230pm GMT London
Sick of your Property agent not responding, or truly managing the changes in the market going on right now then give us a call 01522503717 or www.ezytrac.co.uk.