UK’s biggest building society says it will allow new buyers to take out loans worth up to 5.5 times their earnings
The UK’s biggest building society is increasing the sums it is willing to lend first-time buyers in a move it said would enable homeownership for many people who have been frozen out of the market.
Nationwide will allow new buyers to take out loans worth up to 5.5 times their earnings and adjust the stress tests it does on applicants when assessing mortgage affordability.
