In five out of 12 British regions, there isn’t a single local authority where an individual home buyer would secure a mortgage.

1 in 10 found the process too daunting to apply or didn’t know enough about it.

The Rate Reducer mortgage gives the cashback often given to buyers by new-build developers back into the mortgage, lowering the interest rate.

The intermediary-only lender has reduced its £5k Deposit mortgage to 5.79% and reduced other rates by up to 0.55%.

Nationwide is also the first major lender to offer a sub-5% rate on its standard range to those with a 5% deposit.

The UK housing market has returned to growth with £88bn spent in Q2 2024.

The range offers loan-to-income ratios of up to five times income and loan sizes of up to £500,000.

The number of sales agreed among resale properties is now 6% higher than in 2019.

42% of all homes bought by buyers under 55 years old received support from the ‘Bank of Family’.

The new products aim to bridge the gap between Skipton’s 75% and 85% range.