UK consumers will have to pay higher rates at Nationwide if they can't afford to fork out 25% of a property value in the form of a deposit.
The group have increased the rates on their mortgages across the board for people taking on a loan to value of higher than 75%, by 0.2%.
Sean Gardner from MoneyExpert commented, "It is a case of the less you need to borrow, the better deal you are going to be offered by lenders now."