Here is the latest update from Nationwide Building Society. For full details see their latest product information here. Access these product via our direct to lender mortgage club and get the benefits of payment on completion.
One in five expect to wait until at least their forties before owning a home
We know just how much your first time buyers have to think about when buying their first home. And the latest research by Nationwide indicates getting on the property ladder is as challenging as it has ever been.
Here are some of the key headlines:
- 84% agree cost-of-living has impacted purchase of first property
- Around half (48%) of first time buyers say their prospects of owning a home are further away than ever due to the ongoing cost-of-living crisis
- 1 in 5 (20%) expect to wait until at least their forties before owning a home
- Deposit and ability to afford mortgage payments act as major hurdles, with more than half willing to relocate to afford a home
Here’s how we are helping
With affordability remaining a key issue for first time buyers, here is a reminder of just some of the ways that we could help them take that exciting first step:
- We offer mortgages up to 95% LTV
- Our Helping Hand option, means your clients may be able to borrow up to 20% more
- Further access to low deposit mortgages through our support of affordable housing and government backed schemes