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.

Your home may be repossessed if you do not keep up repayments on your mortgage.

There will be no fee for Mortgage Advice. There may be a fee for arranging a mortgage. The precise amount will depend upon your circumstances, but we estimate it to be between £399 and £599.

Mortgage Required Ltd, Finance House, 5 Bath Road, Maidenhead, SL6 4AQ is authorised and regulated by the Financial Conduct Authority reference 573718 at

The Financial Ombudsman Service is an agency for arbitrating on unresolved complaints between regulated firms and their clients. More detail can be found on their website: