Nationwide offers FTBs cash back

The cash back offer is available for a limited time to first-time buyers who hold or open a FlexAccount as their main current account and reserve a mortgage from Nationwide’s range of two, three and five-year fixed rate products.

The offer is available in addition to Nationwide’s Save to Buy account which allows first-time buyers saving for at least six months with the society to earn up to £1,000 cash back.

Martyn Dyson, head of mortgages at Nationwide, said: “The loss of the stamp duty holiday has been a blow for first-time buyers as they now potentially have to save more than £1,000 on top of a deposit.

“Nationwide is committed to doing what we can to help support this important part of the market.”