Nationwide is also removing the requirement for these applicants to provide at least 25% of the total deposit from their own resources.

Transactions are predicted to accelerate before April's stamp duty changes.

Nationwide has reduced mortgage rates by up to 0.25%.

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.