Nationwide to offer low-deposit mortgages after stamp duty move

Society reverses June decision following announcement of tax holiday on certain homes

Nationwide building society has returned to the high loan-to-value mortgage market, cutting the deposits it requests from first-time buyers following last week’s announcement of a stamp duty holiday.

But in a sign that lenders are uncertain about the direction of the housing market, it has capped loans at 90% and introduced new hurdles for would-be borrowers.

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