Currently viewing the tag: "95% mortgage"

UK mortgage lender Nationwide have confirmed their participation in the UK Government’s newly announced New Build Indemnity Scheme.

The scheme is designed to boost the UK housing market, helping prospective buyers unable to raise the large deposits currently needed to secure a mortgage. It will allow first time buyers (FTB) to secure loans on newly built homes with only a 5% deposit, with security for the loan being provided by the Government and housebuilders.

Nationwide already offers a 95% mortgage with a rate of 6.14% through its Save to Buy scheme, and it has not yet been decided if the New Build Indemnity Scheme will make it possible for the building society to cut rates

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