15 Jul 2025
Nationwide ease criteria for first-time buyers
As of 16th July 2025, Nationwide will ease their 'Helping Hand' mortgage that is designed to help first-time buyers get onto the property ladder by allowing them to borrow up to six times their income.
The change will allow first-time buyers earning at least £30,000 (previously £35,000), and joint applicants with a combined £50,000 (previously £55,000) to apply for the Helping Hand mortgage.
Nationwide anticipate this revision will help an extra 10,000 first-time buyers per year.
The reason for the change comes following the Prudential Regulation Authority (PRA) announcement allowing lenders to increase high loan-to-value lending.
There are several first-time buyer schemes and products available from a variety of lenders. To learn more, click here. or contact our independent mortgage brokers on 01628 507477.
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Here are the lowest fixed mortgage rates of the week, available to first-time buyers, home movers, buy-to-let, and those remortgaging.
Call us for more information: 01628 507477 or email: team@mortgagerequired.com.
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