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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.

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