Nationwide to offer Help to Buy

Nationwide Building Society has announced that it will offer government-sponsored Help to Buy mortgage products from tomorrow.

The building society follows in the footsteps of NatWest, Halifax and Woolwich in participating in the government scheme which offers equity loans to home buyers purchasing properties up to a maximum value of £600,000.

In a separate move, Nationwide has increased the amount borrowers can overpay on their mortgage to 10%. This represents a big improvement for most people over the previous maximum of £500 p.m. and brings it in line with the majority of other lenders.