Nationwide eases policy to offer 5% deposit new build house mortgages at 6 times salary

by Aaron Strutt

Jun 24 2025

• Nationwide to offer 5% deposit on new build house mortgages
• Nationwide offering up to 6 times’ income with a 5% deposit via Helping Hand scheme
• The deposit for new build flats to be lowered to 15% of the purchase price
• Mortgage offers on new builds will be extended to nine months 

Nationwide for Intermediaries is lowering the deposit required to purchase a new build house on Thursday, 26th June, as it ramps up support for the housebuilders and the government’s housing ambitions.

First-time buyers will also be able to use Nationwide’s Helping Hand to make their new build house purchases up to the maximum loan-to-value. Nationwide is the largest mortgage provider to allow lending of up to six times income with a 5% deposit.

According to Nationwide, mortgage new build sales in 2024 were approximately one-third lower than in the last full year of the government’s Help to Buy scheme in 2022. Deposit requirements and affordability challenges have played a major part in this and Nationwide’s latest changes will support the new build sector by tackling them.

New build flats: Nationwide’s support extends to the entire new build sector because, at the same time, Nationwide will also be increasing the maximum loan-to-value available for applications involving new build flats to 85% loan-to-value.

New build offer periods: Nationwide will also be increasing its offer period for new build properties from six months to nine months. Although the vast majority of new build purchases complete within a six-month period, this change will give customers and brokers greater certainty and flexibility during the construction process. The longer offer period reduces the risk of needing to reapply for the mortgage in the event the property takes longer to complete.

Aaron Strutt, product director at Trinity Financial, says: "Many other lenders would not be comfortable offering a product like this, but from a borrower's perspective, it gives many people the chance to get on the property ladder and buy a new home."

England’s population is projected to grow by more than 6% over the next decade, with significant regional and demographic disparities that may reshape demand for housing and mortgage lending, according to the latest figures from the Office for National Statistics.

Call Trinity Financial on 020 7016 0790 to secure a new build mortgage, book a consultation, or complete our mortgage questionnaire. 

The information contained within was correct at the time of publication but is subject to change.

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