Nationwide brings back 90% mortgages for first-time buyers to boost market

dailystar.co.uk:

stamp duty holiday will last until March 31, 2021 just last week. The news will essentially help those getting on or moving up the housing ladder as the fee has been axed for a temporary period.Now Nationwide Building Society hopes to provide more support to those looking to buy their first home.However, it said there will be no set limit on the number of home loans available and there are some conditions.Firstly, the property must be a house which is at least two years old with the maximum mortgage term for 25 years.And applicants will be subject to enhanced credit scoring criteria to make sure the loan is affordable.It comes as Nationwide’s figures suggest nearly four in five first-time buyers purchase a house or a bungalow, rather than a.