Nationwide mortgage lending dips slightly

Nationwide offered 256,000 mortgage payment holidays and 105,000 payment breaks for loans and credit cards to those who financially struggled during the pandemic. Mortgages remained strong, as the bank confirmed a 95% mortgages return for first-time buyers and home movers. The stamp duty holiday saw many customers taking advantage of the pandemic-induced rule, which saw overall mortgage lending dip slightly to £29.6bn from £30.9bn in 2019.

Daily Mail (21/05/2022) The Sun (21/05/2022) The Times (21/05/2022)