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Nationwide offers first-time buyers £1,000 cash back

Nationwide Building Society is offering first-time buyers £1,000 cash back to put towards paying the Stamp Duty on their property.

With the Stamp Duty holiday for first-time buyers due to end on March 24, the society is offering those who hold or open a FlexAccount as their main current account £1,000 cashback when they reserve a mortgage.

The offer is available from today for a limited period of time, and to those who take out a two, three and five-year fixed rate mortgage direct from Nationwide.

It is available in addition to Nationwide’s Save to Buy account, which allows first-time buyers saving for at least six months with the society to earn up to £1,000 cash back.

Martyn Dyson, head of mortgages at Nationwide, says: “The loss of the Stamp Duty holiday will be a blow for first-time buyers as they now potentially have to save more than £1,000 on top of a deposit.

“Nationwide is committed to doing what we can to help support this important part of the market.”

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Comments
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  • CityBoy 9th March 2012 at 11:52 am

    @Girvan
    Your wide of the mark, where did I mention that it was better for the client to go direct to a bank???…. far from it. The point I was making was theres no wonder banks offer deals like this to FTB’s! They can sell them additional products through their own product ranges, which of course is not good for the broker market but makes business sense for the banks.

  • Girvan 9th March 2012 at 9:46 am

    @CityBoy
    Your point is accepted but incredibly flawed, as the banks will be very biased and not offer the best current accounts etc as you put it, to the clients, it will be one bank biased. Poor argument.

  • CityBoy 8th March 2012 at 5:15 pm

    @ Will of course a broker can sell these products….The point I am trying to make is, why would they want a broker to, When they can push them internally through their own product range.

  • Will 8th March 2012 at 4:43 pm

    @CityBoy | 8 Mar 2012 4:01 pm

    Not sure I understand your point. The broker can sell these…..

  • CityBoy 8th March 2012 at 4:01 pm

    Its no suprise that Nationwide are offering this deal direct to clients. FTB = Great opportunity to sell own…….Protection, current account, credit card and whatever else they can sell on the back of the mortgage.

  • Aaron Griggs 7th March 2012 at 1:17 pm

    I must say though Nationwide do have some good rates, great system and my BDM is one of the best i know. Just a shame us brokers cant get in on the action !!

    But hey ho !!

  • adam 6th March 2012 at 9:33 am

    they want the headlines, just not the volume, doesnt help our cause.

    another kick in the teeth for the imtermediaries.

  • adam 6th March 2012 at 9:27 am

    They want the headlines, just not the volume, their current service levels are shot to ribbons, and i cant see their current rates lasting out the week.

    Another lender dumping on intermediaires from a great height !

  • Richard Davidson 5th March 2012 at 4:19 pm

    I assume not!

  • matt Kelly 5th March 2012 at 3:42 pm

    Surely it must be as the Nationwide are “committed to Intermediaries”

  • Matt Kelly 5th March 2012 at 3:31 pm

    Surely it must be as the Nationwide are “committed to Intermediaries”

  • A Griggs 5th March 2012 at 1:16 pm

    So not available through brokers then ??