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Nationwide Bans ‘Bank Of Mum And Dad’: First-time Buyers Must Prove They Saved 75% Of Deposit Themselves

Nationwide Bans ‘Bank Of Mum And Dad’: First-time Buyers Must Prove They Saved 75% Of Deposit Themselves

Nationwide has established that first-time buyers will now need certainly to show at the very least 75percent of these deposit originated in their savings that are own as opposed to being gifted or lent it from the ‘Bank of Mum and Dad’.

The building culture, that is the UK’s 2nd biggest mortgage company, has introduced the modifications to make sure purchasers have the ability to manage their home loan.