Nationwide launches New Build Guide for mortgage intermediaries

Nationwide Building Society has today launched its guide to the New Build market along with a New Build hub on its intermediary website, offering guidance and support for intermediaries and their clients.

The Society has been supporting the New Build sector for more than a decade and is the only lender to have a team of in-house surveyors and property risk experts. It understands that in arranging a New Build mortgage there is more for brokers to consider, such as scheme types, leasehold clauses and lender exposure.

The guide and hub have been created to offer valuable insight on these subjects and includes information on construction methods, building warrantees, incentives and provides top tips for placing business with Nationwide.

The launch follows a series of improvements made by the lender including enhancements to its incentive policy, the launch of an interactive site exposure tool and the introduction of a New Build case ownership team which has reduced its average time to offer to just 7 days.

Andy Dean, Head of Intermediary Support and New Build at Nationwide Building Society, said: “Keeping up to date with developments in the New Build sector is crucial and we recognise the specialism needed and the valuable role that brokers play in navigating buyers through the process. Being uniquely positioned as the only lender with a team of property risk experts, this guide allows us to share much of that insight and experience and give a lender perspective on all matters New Build.”

About Nationwide

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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