This month saw Nationwide Building Society launch a range of self-funded 95% mortgages, its first since 2008. (That is to say the limited 95% loans offered recently have been insured and backed by the Government Help to Buy 2 scheme).
In the past when lenders have launched 95% deals, you get the impression it’s for the headlines, rather than the actual lending. We have found that even the best customers in highly paid jobs have failed to pass the 95% score, and are offered a 90% deal instead.
Early signs however show that this doesn’t seem to be the case with Nationwide as Mortgage Required have submitted a number of successful 95% applications during September.
The products start at 3.99% which is extremely competitive and first-time buyers also receive £500 cashback when they move.
The lender says it has earmarked an additional £1bn in lending for the range over the next year, which firmly endorses their willingness to lend at this level.
Nationwide join The Principality, Santander, TSB, Woolwich, Clydesdale, Virgin, Accord and Halifax in this sector which shows lender confidence returning to the riskier end of the lending mortgage market.
For more information contact us or call 01628 507477 to speak to a mortgage adviser.
Recent posts
Leaseholders to be given extra protection
6 days ago
Housing Secretary Angela Rayner has announced a new measure to protect leaseholders in England and Wales from high fees and poorly regulated property management companies.
Saturday 26th September, Andy Burnham announced a new equity loan scheme called “Your First Home”. The scheme, which will be confirmed at next month’s budget, is aimed at first-time buyers looking to purchase a new-build property from a developer signed up to the scheme.
What Happens to My Mortgage if I Lose My Job?
11 days ago
Losing your job or finding yourself ‘between jobs’ is, unsurprisingly, a stressful place to be. Keeping a cool head and taking action is important.
Best UK Mortgage Rates this Week
13 days ago
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.
Flats 40% cheaper to buy than houses
18 days ago
This price gap between the cost of houses and flats is the biggest it has ever been. Houses are now costing 1.7 times more than a flat, which is 0.4 times higher than 10 years ago
Take a look at our list of houses vs. flats per area.
Are mortgage rates set to increase?
27 days ago
We have seen several lenders increase their mortgage rates over the last couple of weeks. This suggests mortgage rates are likely to rise.
Although nothing is set in stone, lender repricing, rising swap rates, and continued economic uncertainty suggest borrowers should prepare for higher mortgage costs.
AI-altered images put off over half of buyers
24 Aug 2026
According to data from House Buyer Bureau, where over 900 UK homebuyers were surveyed, 54% of people said that they immediately ruled out digitally enhanced property listings.
April Mortgages offer 7x Income Mortgage
13 Aug 2026
April Mortgages - only accessed via a mortgage broker - offers first-time buyers, renters, and home-movers the option to borrow up to 7 times their income on its longer-term mortgages.
More information
Trusted by
