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Nationwide ‘open-minded’ on low-deposit mortgages, says boss

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Joe Garner’s remarks come as lender reveals half-year results, including rise in pre-tax profits

Nationwide is “open-minded” about offering lower deposit mortgages that could help first-time buyers who are struggling to secure a loan during the coronavirus crisis, its chief executive has said.

The building society, which is the UK’s second largest mortgage provider behind Lloyds Banking Group, is one of the few high street lenders offering loans worth up to 90% of a property’s value.

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