Nationwide Limits First-Time Mortgages
This is a UK news story, published by BBC, that relates primarily to Nationwide news.
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smaller lendersBBC
•Nationwide to launch mortgages at six times' income for first-time buyers
87% Informative
UK 's biggest building society allows first -time buyers to borrow up to six times their income.
The Nationwide will only be available for those taking out a five or 10-year fixed-rate deal.
The uptake is expected to be concentrated in London and south east England .
Lenders also face their own regulated controls on lending to riskier borrowers.
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