The tables below show the maximum lending limits dependent upon the circumstances of the application. Please note: LTVs are tiered and the tables show the maximum LTVs if products are available at that LTV and purchase price/value.
Please ensure you refer to the current product interest rates as product LTV restrictions apply. Products may not always be available up to the maximum LTV limits in the table below.
Loans above £1,000,000 are not currently available.
The maximum LTV can also be affected by:
-
Whether the customer is new to Nationwide or an existing borrower;
-
Whether our security is a new build;
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The purpose of the loan;
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Limitations on the product selected (see our interest rates for further information).
| Max LTV |
Max Loan Size
|
|---|---|
| 95%* |
£250,000
|
| 90%* |
£500,000
|
| 85% |
£750,000
|
| 80% |
£1,000,000
|
* Exisiting Nationwide borrowers only.
|
Schemes / New builds / Guarantors / Second properties |
Maximum LTV
|
Restrictions
|
|---|---|---|
| Shared ownership | 85% of applicants (new) initial share (95% Nationwide borrowers moving) |
Minimum initial share 25% Subject to product availability restrictions |
| Equity share (inc.HomeBuy Direct) | Up to 95% of reduced price | Minimum initial share, open market price/valuation: 75% builder schemes 50% Non builder schemes Subject to product availability restrictions |
| Right to buy | Up to 100% of discounted price | + Additional funds for legal fees and home improvements Subject to product availability restrictions |
| Guarantors | 85% | Subject to product availability restrictions |
| Second properties | 85% | Subject to product availability restrictions |
| New build flat | 75% | 'New build' means a property that has not been occupied within two years of being newly constructed, converted or refurbished. |
| New build house | 85% (90% Nationwide borrowers moving) |
'New build' means a property that has not been occupied within two years of being newly constructed, converted or refurbished. |
|
|
