First time buyer

Applicants who haven't held a mortgage in the last three years (this includes UK and non-UK mortgages).

All applicants to the mortgage need to be first time buyers to qualify for first time buyer products/discounts.

Applicants who are capital-raising on a mortgage free (unencumbered) property must be classed as remortgage customers, regardless of the length of time they have been unencumbered. "First Time Buyer" should only be used for a purchase transaction.

Together we're supporting first time buyers

Thanks to the significant role you play we’ve helped a record number of people buy their first home. The total of 76,000 first time buyers we’ve helped represents around one in five of all first time buyers.*

We're helping your clients get on the property ladder

  • Mortgages up to 95% LTV from our homebuyer product range (on 95% LTV products for first time buyers, the maximum loan size is £500,000)
  • Further access to 5% deposit mortgages through our support of affordable housing and government backed schemes
  • £500** cashback on all of our £0 and £999 product fee options
  • No standard valuation fees
  • Help to Buy: ISAs accepted from any lender towards the property purchase price
  • 10% annual overpayment allowance on fixed rate products
  • No ERCs on tracker products
  • Maximum term of 40 years
  • Fully portable products, helping your client to move again in the future

Product finder

Search for the best deals we can offer your client

Product finder

Housing schemes

Information on the housing schemes Nationwide supports

Schemes

Product benefits

Check the great options and benefits in our mortgage range

Mortgage features

*Nationwide Building Society - Full year results 2017/18

**First time buyer cashback eligibility:

  • Only one £500 cashback will be paid per mortgage and is payable to your client within one month of completion of the mortgage.
  • This cashback offer only applies to customers whose product was reserved on or after 13 May 2015.
  • To qualify as a first time buyer your client mustn’t have held a mortgage in the last three years (this includes UK and non-UK mortgages).
  • All applicants to the mortgage need to be first time buyers to qualify for first time buyer products/cashback.