Nationwide Launches 95% Mortgage for New Builds – What It Means for You

If you're thinking about buying a new-build home, there’s exciting news from Nationwide that could make your move more affordable.

From Thursday 26th June, Nationwide is re-entering the 95% loan-to-value (LTV) space for new-build houses, meaning buyers may only need a 5% deposit to get on the property ladder.

Here's a breakdown of what’s changing and what it means for prospective homeowners:

Extended Mortgage Offers

Nationwide will now allow mortgage offers to remain valid for 9 months without requiring an extension, an increase from the previous 6 months plus a 45-day extension. This gives buyers and developers more breathing space to complete transactions without the stress of looming deadlines.

Boost for First-Time Buyers

The return of the ‘Helping Hand’ boost is great news for first-time buyers. With this scheme, eligible buyers can now borrow up to 6 times their income at 95% LTV, making higher value homes more accessible to those starting their journey on the property ladder.

No Incentives at 95% LTV

Buyers should note that no financial incentives (such as contributions to stamp duty or cashback) are allowed when purchasing with a 95% mortgage. However, non-financial incentives, like turf or appliances are still permitted.

Not Available for All Schemes

It’s also important to know that this mortgage product won’t be available for buyers purchasing through schemes such as Shared Ownership or First Homes.

A Big Boost for First-Time Buyers

With the return of 95% mortgages for new builds, buying a home could now be within reach for more people, especially those who’ve struggled to save a large deposit. Whether you're just starting your journey or have been house hunting for a while, this update could make all the difference.

If you're ready to explore your options or just want some friendly guidance, our team are here to help every step of the way.

Find a home or use our quick Mortgage Calculator.

Disclaimer: This blog does not constitute financial advice. Please speak with a qualified mortgage advisor for information tailored to your individual circumstances.