Just 4 Mortgages
Nationwide Helping Hand Mortgage - A Big Help for First-Time Buyers
Guide
When it comes to affordability, many first time buyers are struggling to keep up with the increasing cost of living and house prices. Nationwide are giving first time buyers a helping hand with their affordability by offering eligible customers the option of borrowing a higher loan amount when taking a 5 or 10 year fixed rate product with them.
What is Nationwide's Helping Hand Mortgage?
Many lenders will cap borrowing at around 4.5 times your annual income, however Nationwide's Helping Hand increases that to six times your annual income allowing you to potentially borrow a lot more now than before. The main criteria is:
- 1. Single applicants need to earn a minimum of £30,000 OR joint applicants need to be earning a combined income of £50,000.
- 2. Minimum 5% deposit (95% Loan to value)
- 3. Borrowing up to £750,000
- 4. Only available on 5 and 10 year fixed rates
- 5. No self employed income for either applicants
If you are unsure if you are eligible, we can find out for you and be your helping hand! There for you from your very first appointment!
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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK. There will be a fee for mortgage advice. The precise amount will depend upon your circumstances but a typical fee will be £494