The government and FCA are considering relaxing mortgage affordability rules to boost first-time buyer lending.

Rates now start from 4.09%.

Nationwide also reducing selected rates for new and existing customers looking to move home.

The cheapest five-year fixed rate at 60% LTV is now 4.14%.

The Helping Hand range enables first-time buyers to borrow up to 33% more.

The Society has expanded its regional sales team.

House price growth is likely to remain broadly in the 2-4% range in 2025, Nationwide predicts.

Advisers will now have access to expanded customer types and increased flexibility.

Nationwide will use Experian Work Report to verify applicants’ income, removing the need for manual income proofs.

However, the lender has reduced rates across its 10-year fixed rate products.