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Family Deposit Mortgages

If you already have a mortgage with us, you can borrow against the equity in your home to gift part or all of that money to a family member as a deposit on a home of their own.

What we mean by family

We think of lots of people as family, but for the purposes of this mortgage when we say family, we’re including children and stepchildren, spouses and civil partners, parents, brothers, sisters, grandparents, and grandchildren.

We do not include friends in this definition of family.

Whoever you choose to help with a Family Deposit Mortgage, we only ask that they intend to purchase their home or are moving home with a Nationwide mortgage.

What to expect when you apply for a Family Deposit Mortgage

We call those helping a family member with their deposit helpers.

The family members who receive the gifted deposit we call buyers.

To apply, helpers must:

  • already have a mortgage with us
  • be able to borrow more on their property, and
  • have a copy of the buyer’s valid Nationwide Decision in Principle (DIP).

To apply, buyers must:

  • be applying for a Nationwide mortgage
  • be buying their first home or moving home
  • have a copy of their valid Nationwide Decision in Principle (DIP) when applying for this mortgage.

Ways to apply

Over the phone or video call

Call us to set up a meeting over the phone with one of our mortgage advisers. They will be able to talk you through your options and make recommendations based on your individual needs.

You have the option of a video call if you prefer to have a face-to-face meeting with our mortgage advisers.

For video call appointments, you’ll receive an email with details of what you’ll need and how to join the video call.

Monday to Friday, 8am to 6pm.
Saturday 8:30am to 4pm.
Closed Sundays and bank holidays.

0345 609 25 30

Borrowing limits apply. We may amend or withdraw the Family Deposit Mortgage range at any time and without notice.

Important:

Think carefully before securing other debts against your home. Mortgages are secured on your home. You could lose your home if you do not keep up payments on your mortgage. Mortgages are subject to underwriting and criteria. Minimum age 18, UK residents only.