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Loan claim: Nationwide mortgages at record high

Nationwide says that its mortgage lending is at a record high this year.

The building society is now the biggest player in the homeowner loans market, having seen gross mortgage lending rise by 17 per cent across the year leading up to April 4th.

This comes at a time when the mortgage market has been growing as it is somewhat easier for first time buyers to access home loans.

Nationwide said that it has seen a 75 per cent rise in the number of first time buyers using its services.

Part of the reason for the increase in mortgage lending may have been spurred by government schemes that make it cheaper and easier to obtain home loans.

The Funding for Lending Scheme (FLS) and the Help to Buy scheme have both been implemented as a means of encouraging people into the housing market, where the government has invested money so that consumers will be paying less on the interest of their mortgage.

Amir Hussain

Amir specialises in personal loans, consumer debt and debt management.ADNFCR-2776-ID-801588971-ADNFCR

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