One of the most popular ways for first-time buyers to get on the property ladder is the Government’s Help to Buy scheme, which has two options to choose from:
An equity loan is where the Government lends you up to 20% of the value of a new-build home worth up to £600,000.
A mortgage guarantee helps you to buy a home worth up to £600,000 with a deposit of 5%.
You can find out about the mortgage schemes Nationwide are a part of here.
Another way Nationwide helps first-time buyers is through our Save to Buy scheme. Our Save to Buy savings account is a dedicated savings account to help you save towards a mortgage deposit. It also gives you an incentive to do so, with a competitive interest rate on a Nationwide mortgage when you’re ready to buy (if you keep the account for 6 months and meet the eligibility criteria*). Plus, you can earn a cashback reward when you complete a Save to Buy mortgage.
*Opening a Save to Buy savings account does not guarantee acceptance for a Save to Buy mortgage. All mortgages are subject to eligibility, underwriting and criteria.