Nationwide’s Helping Hand Mortgage Improves Eligibility

Caz Blake-Symes • July 16, 2025

 

Weston Mortgages Online is delighted to advise clients that from today,, Wednesday 16 July, Nationwide is reducing the minimum income requirements for both sole and joint applicants. These changes apply to applicants looking at their First-Time Buyer Helping Hand Mortgage


Minimum Earning Requirements have been reduced to -

●          Sole applicants - £30,000 (reduced from £35,000)

●          Joint applicants - £50,000 (reduced from £55,00

This change follows the regulator's recent announcement that enables lenders to increase high loan-to-income lending,  so that first-time buyers can get support to get on the property ladder.

With Helping Hand, first-time buyers could borrow up to 6x their income. It's available:

●          Up to 95% LTV (including new build houses)

●          Across their 5 and 10-year fixed-rate mortgages

Applicants will also enjoy £500 cashback on completion, with up to £500 more for energy-efficient homes.

*Only one £500 cashback will be paid per mortgage and is payable within one month of completion. If applying jointly, all applicants need to be first time buyers (Nationwide see first time buyers as customers who have not had a mortgage in the last three years)


Other Features and benefits of this product

·      Ability to overpay up to 10% of the loan amount each year without incurring an Early Repayment Charge (ERC).

·      After your deal period ends, you’ll move onto our Standard Mortgage Rate (SMR),

·      You’ll also have the option to switch to a new mortgage deal.

You will not be eligible if you, or anyone you’re applying with, are:

·      self-employed.

·      using an affordable home ownership scheme such as shared ownership or Right to Buy.


What if this product is not suitable for my/our situation?

Russell Green, Senior Adviser at Weston Mortgages Online will look at mortgage deals and protection products across a whole array of lenders to find you the most suitable mortgage to match your needs, circumstances and affordability.


How to Contact Us

Tel 01934 442023

Email russell@swmortgages.com

Complete a form via our website www.westonmortgagesonline.com


Our initial mortgage consultation is free and with no obligation; should you proceed to an application, there will usually be a fee for mortgage advice. The precise amount of the fee will depend upon your circumstances, but will range from £ 290 to £490 and this will be discussed and agreed with you at the earliest opportunity.

Please remember: YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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