UK's largest Nationwide Building Society increases mortgage limit for first-time buyers, up to six times income, starting September 24.
Nationwide Building Society, the UK's largest, is enhancing its Helping Hand mortgage range for first-time buyers starting September 24. Borrowers can now access loans up to six times their income, an increase from 4.5 times, with maximum amounts rising from £500,000 to £750,000. The move aims to address affordability issues in housing, potentially assisting around 40,000 buyers. Additionally, Nationwide will reduce some mortgage rates, offering a sub-5% rate for those with a 5% deposit.
September 23, 2024
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