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Helping Hand mortgage for first time buyers 5.5 times income !!

Nationwide Launch Helping Hand Mortgage



If you’re struggling to borrow enough to buy your first home, we may be able to give you a Helping Hand. Borrowing up to 5.5 times income when taking a 5 or 10 year fixed Mortgage.

Up to 90% Loan to value (LTV). And you’ll get all the same features and benefits. The average price of a first time buyer property has increased 41% in the past 10 years with average income rising by just 18%. Affordability remains a key issue stopping many from owning a house.

This is why Nationwide created a £1 billion fund to help those who can’t quite afford their first home. It means a, for example a first time buyer couple with a joint income of £50,000 can now borrow up to £275,000 with Helping Hand. Rather than the £225,000 they could borrow previously.

Assuming a 10% deposit and no other costs impacting affordability.

  • be a first-time buyer. to Nationwide, this means you will not have had a mortgage in the last 3 years. If applying jointly, both applicants need to be first-time buyers

  • have at least 10% deposit.

  • take out a 5 or 10 year fixed mortgage


Helping Hand eligibility

To be eligible for a Helping Hand you need to:

  • Both applicants need to be first time buyers.

  • have at least 10% deposit.

  • take out a 5 or 10 year fixed rate mortgage.

Contact us to find out more

Book a chat with one of our advisers


You will not be eligible for a Helping Hand if you, or anyone you’re applying with, are:


self-employed.

using an affordable home ownership scheme such as Help to Buy, shared ownership, Right to Buy or Forces Help to Buy.ar fixed rate product.

You cannot apply for a Helping Hand if you, or anyone you’re applying with, is:

  • self-employed.

  • using an affordable homeownership scheme such as Help to Buy, shared ownership, Right to Buy or Forces Help to Buy.

In the last financial year, we helped many First Time Buyers secure their first homes.


Features and benefits

  • Ability to overpay up to 10% of the loan amount each year without incurring an Early Repayment Charge (ERC).

  • £500 cashback* when you complete your mortgage..

Click Here for an online Quote


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