The majority of rate reductions have been made to Nationwide's first-time buyer range.

Rates have reduced by up to 0.25%.

Sales have improved, with further increases expected in the near future.

A third of first-time buyers in England will pay more stamp duty from April next year than they do today. 

The Society has reduced rates at 90% LTV.

The changes will allow borrowers earning over £50,000 to borrow more.

Patrick Bamford, head of international business development at Qualis Credit Risk, looks at whether the government might announce any new support for first-time buyers in its October...

At a national level, first-time buyers account for around half (49%) of all homes bought with a mortgage, but this jumps as high as 75% in the most popular areas for first-time...

The average monthly mortgage payment for a typical first-time buyer is now £949, compared with £1,096 at the mortgage rate peak in July 2023.

The Group has launched a new £2bn 'First-time Buyer Boost' package.