New Build Bancon Homes more affordable for First Time Buyers thanks to new Mortgage from Nationwide

Nationwide Launches Enhanced 'Helping Hand' at Six Times Income for First-Time Buyers.

Nationwide is making waves by offering first-time buyers a chance to borrow up to six times their income through its newly enhanced Helping Hand mortgage scheme. This initiative aims to tackle the affordability challenges many first-time buyers face, allowing eligible clients to borrow significantly more when opting for a 5 or 10-year fixed-rate product.

Previously, first-time buyers could typically borrow up to 4.5 times their income, with select applicants reaching 5.5 times. Now, Nationwide has raised the bar to six times income, which could help first-time buyers borrow up to 33% more. This move opens up greater affordability for first-time buyers who meet the criteria, making homeownership more achievable for many.

This new mortgage product is deal for First Timbe Buyers looking to purchase a Bancon home. We have a range of two and three-bedroom houses and apartments across our developments in Aberdeen, Wilkieston and Strathaven.

The two-bedroom Loch is a contemporary mid-terraced home boasting an expansive open-plan kitchen, living, dining space with French doors to the rear garden; ideal for entertaining or busy family life. Upstairs you’ll find two double bedrooms, both with fitted oak finish wardrobes and a luxurious family bathroom complete with Porelanosa wall tiles. This fantastic home is currently available at our Bonnington Place development in Wilkieston a short drive from Edinburgh City Centre, and our stunning Queens Gate development in Strathaven.

At Kinion Heights in Aberdeen, the three-bedroom Thistle offers buyers a bright, open concept Symphony dining kitchen with ample space and French doors leading to a private rear garden. The spacious living room is accentuated by full-height windows, enhancing the home’s airy feel.

If apartment living is more your style discover the two-bedroom Blenheim at The Aspire Residence in the exclusive west-end of Aberdeen. With city views and a superior specification our final remaining apartment offers the perfect luxury lifestyle.

With first time buyer homes priced from just £238,995 and selected plots available with a range of incentives like LBTT paid or Mortgage Deposit Contribution, Nationwide’s new Helping Hand mortgage is truly making that first step on the property ladder more affordable than ever.

For more information call 01224 900 142 or email sales@bancon.co.uk. Visit our website for details on currently available properties across Scotland.

Mortgage Key Features and Eligibility:
- Available for first-time buyers only.
- Fixed rates at 5 years (4.69%) and 10 years (5.28%) with up to 90-95% Loan-to-Value (LTV).
- Minimum income requirement: £30,000 for sole applicants, £50,000 for joint applicants.
- Not available for self-employed applicants or combined with other government schemes (e.g., Help to Buy, Shared Ownership).