Green Reward
Green Reward cashback is payable on both New Build and Non New Build properties, provided they meet eligibility criteria.
With increased LTVs and offer period, we're helping more home movers and first time buyers into new build homes.
Information:
Join our live webinar New Build at Nationwide: In conversation with James Briffitt, on 16 July 12:30 to 1pm. Hear from our Head of Intermediary Sales and New Build as he shares how we are further supporting the New Build market. Add the event to your calendar to join us live.Where your New Build application is above 90% LTV, we do not accept builder gifted deposit or financial incentives.
Tip:
If your client is a first time buyer, Helping Hand is available up to 95% LTV across our 5 and 10 year fixed rate mortgages, subject to eligibility.Our specialist New Build support teams and case owners are on hand to answer of your New Build questions.
We define a 'New Build' as a property that has been built, converted or refurbished within the last two years, which hasn't been sold. This includes:
Green Reward cashback is payable on both New Build and Non New Build properties, provided they meet eligibility criteria.
Help to Buy – Equity Loan support, Shared Ownership, Forces Help to Buy and other housing schemes can support your client.
Find out about our process on construction, which includes criteria on cladding and traditional or modern methods of construction.
Use our affordability calculator for a thorough assessment of what your client(s) may be able to borrow before moving to a Decision in Principle (DIP).
We instruct your New Build valuation the day we receive your application. We offer free standard valuations on our products.
The developer will provide a guarantee to ensure the building has been constructed to a standard set by the warranty provider.
Before submitting a New Build case, take a look at this checklist to ensure your application goes through smoothly:
✔ Contact our New Build support team to check we're able to lend on a property.
✔ Have a look through our New Build lending criteria, including our lease terms and ground rent requirements.
✔ Make yourself familiar with our providing proofs page which details all proof requirements. Getting it right first time can help you receive a quicker offer.
✔ Remember, please don’t send anything we haven’t asked for. For example, we don’t need you to provide proof of your client’s ID unless we have asked for it.
✔ Check that you have completed the UK Finance Disclosure Form (opens in a new window) in full. As you must make this form available to the valuer upon inspection, or there will be a delay. Make sure to check the lease commencement date and full address. You must ensure you have fully completed section 9.b or ground rent (if applicable).