Exciting news at last for house hunters – especially first-time buyers!
The Nationwide has extended their Helping Hand mortgage, which lets buyers borrow up to six times their income, to buyers with only a 5% deposit! They are the first major high street lender to offer this to first-time buyers. The Helping Hand mortgage is available on five and 10-year fixed-rate products.

It is also cutting interest rates for first-time buyers by 0.31%, becoming the first major high street lender to offer a rate below 5%.

That’s great news for first-time buyers and as we all know, getting the first-time buyer market moving is good for the overall housing market.

Getting properties moving at the cheaper end of the market will hopefully help get the overall market moving too, and that’s good news for everyone – buyers and sellers!