Nationwide cuts rates and boosts borrowing limits

From Thursday 28 August, Nationwide will revamp its mortgage range, with a selection of new products and new features, including a new upper limit on borrowing. The Society is adding a new five-year fixed rate product priced at 5.88% for house purchase and 5.68% for remortgage with a £1,499 fee. A new LTV tier of 60% will be added across all product ranges, which may result in some tracker rates seeing rates increase depending on LTV. Nationwide has also announced it will increase it’s upper limit on borrowing from £500,000 to £1m, after suspending larger loans earlier this year. The £1...