View more on these topics

Nationwide re-opens its doors to Help to Buy 1 homeowners

Nationwide is once again accepting applications from home movers seeking to take up the Government’s Help to Buy equity loan scheme.

In June, the lender temporarily restricted lending on shared equity deals, including the Help to Buy equity loan, to first-time buyers, following a similar move from Halifax Intermediaries.

In a statement released last week, Nationwide said it had ”taken time to assess developments in the equity loan market” and that it is now in a position to lend to home movers through the scheme. 

Nationwide divisional director of mortgages and savings Richard Napier says: “Nationwide has been a long-term supporter of the Help to Buy equity loan scheme.

“By opening up access once more to home movers after a short break, we will remain one of the top lenders through the scheme and will enable even more customers to move onto or up the housing ladder.”

The lender has also announced it has scrapped booking fees across all new mortgages. All new mortgages will be either fee-free or will carry a £999 product fee or £499 for first-time buyers.



Help your clients to stay in control

The case of five-year-old cancer patient Ashya King has raised profoundly sensitive questions in international courtrooms and households across the country. Why does the court get a say? Were the parents wrong to reject treatment advised by their NHS hospital? At what point do citizens lose the autonomy to make decisions on behalf of themselves […]


BBA says exclude HNW clients from new LTI cap

The British Bankers’ Association has urged the Bank of England to exclude high-net-worth clients from its new LTI cap. From October, lenders must limit the volume of loans they originate above 4.5 times income to 15 per cent of new lending. While the BBA says it “broadly supports” the limit on high-LTI lending, it says […]


Leader: Have a say on second charge

Last week the FCA published its proposals for the regulation of the second charge market. By large, the new framework mirrors that of the first charge market, particularly in areas such as income verification, affordability checks and disclosure requirements. It even includes a new requirement for all sales to be advised. The regulator has said […]


News and expert analysis straight to your inbox

Sign up