First-time buyer Nationwide mortgages come with £1,000 cash back.

Nationwide mortgages offered to first-time property buyers now come with £1,000 cash-back.

The building society have said that they are launching this offer to help first-timers pay stamp duty. The first-time buyer stamp duty holiday is due to end on March 24 and the lender is offering those who have a FlexAccount or open one as their primary current account, £1,000 cash-back when they reserve a Nationwide mortgage.

The offer is being made for a limited time period on 2, 3 and 5 year fixed rate Nationwide mortgages. In addition, those first-time buyers who have saved for a minimum of six months in the Save to Buy account will be given an additional £1,000 cashback, those buyers can also apply for a 95 percent LTV deal.

Martyn Dyson, who is head of Nationwide mortgages commented saying that the end of the stamp duty holiday for first-time buyers will be a blow. He added that the lender is committed to helping support this important sector of the market.

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