Nationwide to offer low-deposit mortgages after stamp duty move

Society reverses June decision following announcement of tax holiday on certain homesNationwide building society has returned to the high loan-to-value mortgage market, cutting the deposits it requests from first-time buyers following last week’s announcement of a stamp duty holiday.But in a sign that lenders are uncertain about the direction of the housing market, it has capped loans at 90% and introduced new hurdles for would-be borrowers. Continue reading... https://www.theguardian.com/business/2020/jul/13/nationwide-to-offer-low-deposit-mortgages-after-stamp-duty-move #housing_market #business #real_estate #nationwide #banks_and_building_societies #money #uk_news