Nationwide Bans ‘Bank Of Mum And Dad’: First Time Buyers Must Prove They Saved 75% Of Deposit Themselves

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Nationwide has established that first-time purchasers will now have to prove at the least 75percent of the deposit originated in their savings that are own instead of being gifted or lent it from the ‘Bank of Mum and Dad’. The building culture, that will be the UK’s 2nd mortgage lender that is biggest, has introduced the modifications to make certain …