Nationwide Low Deposit Mortgages

Nationwide low deposit mortgages 1st February 2012

Contact A Mortgage NowTomorrow (1st February 2012) sees the launch of Nationwide Building Society’s TV advertising campaign to promote it’s Nationwide low deposit mortgages for first time buyers.

Nationwide is a strong lender for the first time buyer market and we often use them for our clients due to their competitive rates and sensible underwriting.

With so much press talk about the difficulties first time buyers have in generating mortgage deposits, this launch will provide a welcome patch of sunshine in generally grey skies.

Currently Nationwide products require a minimum 10% deposit (unless the applicant is an existing client), and there are Lenders offering 5% deposit mortgages.

However the Nationwide mortgage rates are competitive for first time buyers at 5.29% fixed and, since credit scoring in the ultra low deposit mortgage market is particularly tough, Nationwide Building Society should provide a good source of lending for first time buyers in the first half of 2012.

If you require a first time buyer, low deposit mortgage, from Nationwide, or any other Lender – contact us now.

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