As the coronavirus outbreak continues to impact the nation, we're now looking to focus support on existing members and applications.
So, from tomorrow, Tuesday 31 March, we're temporarily pausing new lending above 75% LTV across our broker and online channels. This will be for new customer house purchases, remortgage and first time buyers.
Existing applications where a product has already been reserved, will continue to be progressed.
We will continue to accept applications from brokers above 75% LTV for existing Nationwide mortgage customers who are moving home.
Products for customers switching are unaffected.
Tracker rates have also been updated to reflect the BoE base rate of 0.10%.
Our product guide will be updated shortly to reflect these changes.