Nationwide Reports 53% Surge in First-Time Buyers with Enhanced Helping Hand Mortgage

Nationwide Building Society reports a 53% increase in first-time buyer usage of its Helping Hand mortgage, now permitting loans up to six times income, enhancing homeownership accessibility.

• Following changes in September 2024, first-time buyers can now obtain a Helping Hand mortgage loan allowing them to borrow up to six times their income, up from 5.5 times.
• From October 2024 to September 2025, Nationwide expects approximately 2,000 first-time buyers to benefit from the revised Helping Hand mortgage loan structure.
• The new Helping Hand mortgage loan also impacts the loan-to-value ratio, facilitating higher borrowing potential for first-time buyers in a competitive housing market.