Nationwide Welcomes Government Support for First Time Homebuyers

Government initiative follows Nationwide’s own Save to Buy scheme

18 March 2015

Nationwide welcomes today’s announcement of a new initiative to support those wishing to save towards their first home, following the success of its own Save to Buy account, launched in 2011.

Supporting the Society’s mutual values, Nationwide has since opened more than 82,000 saving accounts for those customers wishing to raise a deposit for a home, helping significant numbers of first time buyers to achieve their aspiration of home ownership through regular saving.

As a result of the scheme, Nationwide has already loaned in excess of £1 billion to Save to Buy customers looking for their first home.

Save to Buy is one of the many ways through which Nationwide provides help and support to first time buyers, which includes low deposit loans, tailored incentives and competitive rates, and has seen the mutual help nearly one in five customers into their first home.

Nationwide is the world's largest building society as well as one of the largest savings providers and a top-three provider of mortgages in the UK. It is also a major provider of current accounts, credit cards, ISAs and personal loans. Nationwide has around 15 million customers.

Customers can manage their finances in a branch, via the mobile app, on the telephone, internet and post. The Society has around 18,000 employees. Nationwide's head office is in Swindon with administration centres based in Northampton, Bournemouth and Dunfermline. The Society also has a number of call centres across the UK.

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