A helping hand for First Time Buyers and Home Movers
Are you eager to get your foot on the property ladder but put off by having to save a large deposit? Or are you looking to move up the property ladder but struggling to meet all the costs? This
is where Save to Buy could help, with a dedicated savings account to help you save and a
competitive interest rate on your mortgage when you’re ready to buy.
* A first time buyer is someone who has not has a mortgage in the last three years preceding the opening of the account. A home mover is someone who is moving home and has an existing mortgage that must be repaid on completion of the Save to Buy mortgage.
If you haven't used your cash ISA allowance this tax year then take a look at our Save to Buy ISA.
You must have held your Save to Buy savings account for at least 6 months before you can apply for a
Save to Buy mortgage and have met the regular savings requirements below.
If you've held your account for less than 12 month:
If you've held your account for more than 12 month:
To apply for a Save to Buy mortgage, your Save to Buy savings account must remain open and all eligibility
requirements must be met. Account must be held for a minimum of 6 months and a maximum of 3 years.
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.
Find out more about the Save to Buy mortgage
Save to Buy ISA Issue 2 - launched 4 January 2013
Cash ISAs are a tax-free way to save. Visit our ISA section to find out what ISAs are, how they work and for more information on ISA limits.Find out more
If you need regular access to your money our e-Savings Plus account allows you to make up to 5 free withdrawals each year and the flexibility to make more.
Find out more
Don't have a Nationwide current account? Our FlexAccount could give you access to a range of exclusive offers and discounts - all with no monthly fee.
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).
The net rate of interest is the interest payable after any income tax is deducted (if you do pay tax).
Tax-free is the contractual rate of interest payable where interest is exempt from income tax.
The tax information provided is based on our current understanding of current law and HM Revenue & Customs practice which can change.
FSCS - Protecting your money. Find out more
Your eligible deposits with Nationwide Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. This limit is applied to the total of any deposits you have with the following: Nationwide Building Society, Cheshire Building Society, Derbyshire Building Society, Dunfermline Building Society and Nationwide UK (Ireland). Any total deposits you hold above the £85,000 limit between these brands are not covered.
Please click here for further information or visit www.fscs.org.uk
With no shareholders to worry about, our only focus is you. That means doing all we can to look after you, treat you fairly and give you great value. Which is why we're delighted to bring you our seven promises to savers - designed to help you make the most of your savings.
Read our Savings
Save to Buy terms &
Save to Buy ISA
Save to Buy mortgage