Nationwide gets tougher on interest-only mortgages | Mail Online
Borrowers who apply for a Nationwide Building Society interest-only mortgage will have to put down a bigger deposit than those who want a repayment loan.
Nationwide on Wednesday set a new limit of 75 per cent of a property's value for interest-only applicants. Such borrowers were previously offered loans up to 95 per cent.
This brings Nationwide into line with other lenders that have steered away from high-value interest-only lending in recent months.
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