Nationwide has dealt first-time buyers on modest incomes a blow by upping the minimum income threshold on its sole applicant Helping Hand mortgage from £35,000 to £40,000.
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Top nine tips on accessing a mortgage as a first-time buyer
Getting that first foot on the UK property ladder can feel like an uphill struggle for first-time buyers with their dream home seeming tantalisingly out of reach.
Read MoreThe First Homes government scheme: half-price homes for first-time buyers
First Homes launched in 2021 to help local first-time buyers and key workers onto the property ladder by offering new-build homes at a 30% – 50% discount.
Read MoreSantander data throws new light on first time buyer hotspots
Santander UK has identified the top rising neighbourhoods that first-time buyers are choosing to purchase in, as moving further away from family, friends and familiar places to get onto the property ladder becomes more common.
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