Nationwide Building Society is offering first-time buyers up to £1,000 cashback through its current mortgage package. The standard offer provides £500 cashback upon completion, with an additional £250 to £500 available for those purchasing energy-efficient homes.
The £500 cashback is paid within one month of completion for first-time buyers who have not held a mortgage in the past three years. Joint applicants must both meet this criterion. The building society also provides tools such as a first-time buyer guide and mortgage calculator to assist customers.
Under Nationwide's Green Reward scheme, homes with an Energy Performance Certificate (EPC) rating of 86–91 qualify for an extra £250 cashback, while those rated 92 or above receive £500. Most UK properties require an EPC, which measures environmental efficiency.
Prospective buyers can obtain a Decision in Principle before applying for a mortgage, which takes around 20 minutes, is valid for 90 days, and does not affect credit scores. Nationwide has been contacting members who may need help getting started on the property ladder.
