Mon 14 Sep 2015
Nationwide are launching a range of first time buyer products only requiring a 5% deposit.
Nationwide are aiming to help 1 in 5 first time buyers and have earmarked an extra £1billion over the next 12months. Offering 2, 3 & 5 year fixed rates from 3.99%.
Richard Lester, Independent Mortgage Advisor for John German comments...
“I would say that this is a positive sign, because it shows Nationwide feel the housing market is in good shape by offering 95% mortgages to the general public without the need for the government help to buy mortgage guarantee.
This indicates they expect to see a steady, sustainable house price growth."
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