Following the Government's announcement on temporary stamp duty changes from 8 July, we want to let you know how this affects our New Build financial incentives policy and submitted UK Finance Disclosure forms.
If you've already sent a UK Finance Disclosure form for a valuation carried out before 8 July, we'll now accept restructuring of the financial incentive from stamp duty to a different type of incentive, which means you don't need to send us a new UK Finance Disclosure form.
This is a temporary update and our full policy on incentives is unchanged. Visit our website for more information on New Build criteria.
Remember, the total amount of financial incentives must not exceed the maximum acceptable limit.
For more information on New Build at Nationwide, visit our New Build Hub where you'll find information to support you and your New Build clients, including criteria, help videos and top tips.