Nationwide increases minimum deposit to 25%

Nationwide has increased the minimum deposit required to secure its best interest rates from 10% of the value of a property to 25%. The lender formerly offered borrowers one interest rate for mortgages of up to 90% of a property’s value, and another for 90% to 95% LTV. It now offers its best rate for people borrowing up to 75% of a property’s value. The category does not have a higher lending charge.
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