How the Client's Loan-to-Value |(LTV) Affects the Loan Size
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.
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).
| Max LTV |
Max Loan Size |
|---|---|
| 95%* |
£250,000 |
| 90% |
£500,000 |
| 85% |
£750,000 |
| 80% |
£1,000,000
|
| 75%** | £2,000,000
|
| 70%** | £2,000,001 and above will be considered on an individual basis |
* Exisiting Nationwide borrowers only.
** Loans above £1m are only available for products with £0 product fees.
Please contact our large loans unit on 0845 602 7645 before submitting any cases over £500k.
Repayment Type LTV limits
| Max LTV for new customers |
Max LTV for existing customers moving |
|
|---|---|---|
| Repayment | 90% |
95% |
| Interest Only | 75% |
75%* |
| Part Interest Only / Part Repayment | 75% |
75%* |
* Exceptions may apply for existing customers porting their mortgage. For further information please call 0845 601 0763.
Property Type LTV limits
|
Schemes / New builds / Second properties |
Maximum LTV |
Restrictions |
|---|---|---|
| Shared ownership | 90% of applicants (new) initial share (95% Nationwide borrowers moving) |
Minimum initial share 25% Subject to product availability restrictions |
| Equity share | Up to 95% of reduced price | Maximum Equity Share Loan: 25% builder schemes 50% Government/Housing Association/Local Authority/ Developer and HCA Co-funded schemes (inc. Firstbuy and HomeBuy Direct). 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 |
| 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% |
'New build' means a property that has not been occupied within two years of being newly constructed, converted or refurbished. |
