Nationwide Raises Loan-to-Value for New Builds
Nationwide increases maximum loan-to-value for new build house purchases, enhancing affordability and access for prospective homeowners.
Nationwide is stepping up its game in the new build sector, and it’s doing so by raising the maximum loan-to-value (LTV) ratio for prospective homeowners. The LTV is jumping from 85 percent to a whopping 90 percent, which means that if you’re eyeing that shiny new build house, you’ll only need a 10 percent deposit to get your foot in the door—literally! This change, effective immediately, is designed to bolster the housebuilding sector and align with the government’s ambitious housing goals.
As a building society that prides itself on helping individuals achieve the dream of homeownership, Nationwide is constantly on the lookout for innovative ways to make buying a home more accessible and affordable. After all, who wouldn’t want to trade their rent payments for a mortgage? With this new policy, the appeal of new build homes is likely to skyrocket, making it easier for many to transition from tenants to proud homeowners. So, if you’ve been contemplating a move, now might just be the perfect time to take the plunge into the world of new builds!
Nationwide Raises Loan-to-Value for New Builds
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