Nationwide Building Society has just announced a significant update that could open the door to homeownership for thousands of prospective buyers. From today, the lender is increasing the Loan-to-Value (LTV) limits on new build properties, providing a much-needed boost for first-time buyers and home movers alike. Whether you’re exploring Nationwide new build mortgage criteria, looking for 95% LTV mortgage options, or wondering how Nationwide’s Helping Hand scheme can support your journey, this blog breaks down everything you need to know.
What is the New Criteria for Nationwide New Build Mortgage Borrowers?
Increased LTV Limits
Nationwide will now offer:
- Up to 95% LTV on new build houses
- Up to 85% LTV on new build flats
This means buyers can put down a 5% deposit on a new build house and a 15% deposit on a new build flat, making homeownership more accessible for those without large savings.
Helping Hand Scheme Enhanced
Through Nationwide’s Helping Hand scheme:
- First-time buyers could borrow up to six times their income
- Available alongside the new 95% LTV criteria
This means you may be able to afford more than you previously thought, giving you a better chance of securing your dream new build home.
Extended Offer Period
To provide more certainty during the homebuying process, Nationwide is extending the mortgage offer period on new build properties to 9 months. This is especially helpful given the longer completion times often associated with new build developments.
How Do These Changes Benefit New Build Buyers?
- Lower Deposit Requirements
Saving for a deposit is one of the biggest hurdles for first-time buyers. With Nationwide now offering 95% LTV on new build houses, buyers only need to save 5%, making the housing market far more accessible.
- Greater Affordability Through Helping Hand
Nationwide’s Helping Hand allows you to borrow more based on your income, up to six times meaning you can potentially buy a larger property, or buy in a more desirable area.
- More Time to Complete the Sale
The extended 9-month offer period gives buyers peace of mind. If you’re buying off-plan or waiting for construction to complete, this added flexibility can prevent delays or last-minute stress.
Who Is Eligible?
These changes apply to:
- First-time buyers
- Home movers
- Buyers purchasing a new build house or flat
Note: To qualify for 95% LTV, the property must be a new build house. For flats, the maximum LTV remains at 85%.
Why Nationwide’s New Criteria Matter in 2025
In today’s housing market, where property prices continue to rise, many buyers struggle with affordability and deposit requirements. Nationwide’s latest update addresses both:
- It makes new build mortgages more achievable for younger buyers and families.
- It supports those looking for energy-efficient, modern homes with lower maintenance costs.
- And it gives developers and estate agents more confidence in the stability of offers.
A Big Win for First-Time Buyers
Nationwide’s update to its new build mortgage lending criteria is a clear signal of support for first-time buyers and home movers. By increasing LTV limits, expanding the Helping Hand affordability tool, and extending the mortgage offer period, the lender is making it easier than ever to step onto the property ladder, especially if you’re interested in new build homes.
Ready to Explore Your New Build Mortgage Options?
If you’re a first-time buyer or home mover interested in purchasing a new build property, now is a great time to consider a Nationwide mortgage. Whether you’re comparing low-deposit mortgage deals or need help understanding how much you can borrow, we are here to help. Contact our team today for a fee free initial mortgage chat.
