The tables below show the maximum lending limits dependant 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 between £500,001 and £1,000,000 are only currently available up to 70% LTV for new customers and up to 80% for existing customers. 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;
-
The purpose of the loan;
-
Limitations on the product selected (see our interest rates for further information).
-
The maximum loan amount which can vary depending on the rate and the product fee amount.
| New Customers moving Home |
Price / Value
£0 - £250k |
Price / Value
£250,001 - £500,000 |
Price / Value
£500,001 - £1m |
Price / Value
£1m + |
|---|---|---|---|---|
| Fixed Rate |
85%
|
85%
|
80%
|
70%
|
| Tracker Rate |
85%
|
85%
|
80%
|
70%
|
| New Customers Remortgaging |
Price / Value
£0 - £250k |
Price / Value
£250,001 - £500,000 |
Price / Value
£500,001 - £1m |
Price / Value
£1m + |
|---|---|---|---|---|
| Fixed Rate |
85%
|
85%
|
80%
|
70%
|
| Tracker Rate |
75%
|
75%
|
75%
|
70%
|
| Nationwide Borrowers Moving Home (not porting) |
Price / Value
£0 - £250k |
Price / Value
£250,001 - £500,000 |
Price / Value
£500,001 - £1m |
Price / Value
£1m + |
|---|---|---|---|---|
| Fixed Rate |
95%
|
90%
|
80%
|
70%
|
| Tracker Rate |
95%
|
90%
|
80%
|
70%
|
| Nationwide Borrower Moving Home & Porting |
Price / Value
£0 - £250k |
Price / Value
£250,001 - £500,000 |
Price / Value
£500,001 - £1m |
Price / Value
£1m + |
|---|---|---|---|---|
| Current Product only (inc BMR*) - maximum LTV depends on price/value |
95%
|
90%
|
80%
|
70%
|
| Current Product plus fixed rate top up |
95%
|
90%
|
80%
|
70%
|
| Current Product plus tracker rate top up |
95%
|
90%
|
80%
|
70%
|
*Please note that any mortgage products reserved on or before 29th April 2009 revert to the Base Mortgage Rate (BMR), which is guaranteed to be no more than 2% above the Bank of England base rate. If your customer chooses to switch to a new Nationwide mortgage product, the new product will revert onto our Standard Mortgage Rate (SMR) which has no upper limit or cap. If your customer chooses to switch to a new product, it is not possible to switch back to the BMR at a later date.
| Subsequent Additional Borrowing (further advance) |
Price / Value
£0 - £250k |
Price / Value
£250,001 - £500,000 |
Price / Value
£500,001 - £1m |
Price / Value
£1m + |
|---|---|---|---|---|
| All acceptable loan purposes - fixed rate |
85%
|
85%
|
80%
|
70%
|
| All acceptable loan purposes - tracker rate |
85%
|
85%
|
80%
|
70%
|
| Nationwide Borrower switching product* (no additional borrowing) not moving home |
Max LTV - Note that LTV
restrictions and, in some cases, maximum
loan amounts apply per product.
|
|---|---|
| Fixed Rate |
95%
|
| Tracker Rate |
95%
|
*Please note that any mortgage products reserved on or before 29th April 2009 revert to the Base Mortgage Rate (BMR), which is guaranteed to be no more than 2% above the Bank of England base rate. If your customer chooses to switch to a new Nationwide mortgage product, the new product will revert onto our Standard Mortgage Rate (SMR) which has no upper limit or cap. If your customer chooses to switch to a new product, it is not possible to switch back to the BMR at a later date.
| Property Type LTV limits |
Price / Value
£0 - £250k |
Price / Value
£250,001 - £500,000 |
Price / Value
£500,001 - £1m |
Price / Value
£1m + |
|---|---|---|---|---|
| New Build Flat |
75%
|
75%
|
75%
|
70%
|
| New Build House (Existing borrower) |
90%
|
90%
|
80%
|
70%
|
| New Build House (New borrower) |
85%
|
85%
|
80%
|
70%
|
|
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 |
|
