Nationwide for Intermediaries - Latest News

Service & Criteria Update

Nationwide Building Society — Tue, 20 Jul 2010 12:00:00 GMT

Every month, we like to update you on our latest service levels. Follow the link below to see how quickly we're processing your cases and find out about changes to our lending criteria for Equity Share applications and Transfer of Equity process.

House prices rise 3% in first half of the year

Nationwide Building Society — Wed, 30 Jun 2010 12:00:00 GMT

The price of a typical UK property inched up by 0.1% in June 2010, with the annual rate of house price inflation dropping from 9.8% to 8.7% and the announcement of a budget with mixed implications for the housing market.

Glasgow service centre migration - MTE and Paper applications

Nationwide Building Society — Tue, 29 Jun 2010 12:00:00 GMT

With effect from 5th July all new MTE or Paper only business submitted to our Glasgow Service Centre will be transferred to our Northampton dedicated intermediary site. For all pipeline business, large loan enquiries /applications and sending outstanding items or proofs, you should continue to use Glasgow.

Nationwide - Service Update

Nationwide Building Society — Mon, 28 Jun 2010 12:00:00 GMT

Giving you the best possible service is our top priority. We're sending you a snapshot of our current service levels, so you can see just how quickly we're processing your cases.

New simplified product range available 11 June

Nationwide Building Society — Thu, 10 Jun 2010 12:00:00 GMT

From 11 June we'll be simplifying our product range and lending limits. This change is part of NFI's commitment to offering a straightforward range of mortgages, making it easier for your clients to understand the options available to them. We will also be reducing rates by up to 0.96% on selected products.

Pick your dream team and you could be off to South Africa

Nationwide Building Society — Wed, 09 Jun 2010 12:00:00 GMT

Time is running out to guarantee your place in the Nationwide For Intermediaries World Fantasy Football League. Creating a team automatically enters you in the competition for a fantastic luxury trip for 2 to South Africa, with other exciting prizes available for our runner ups.

Newcastle service centre migration

Nationwide Building Society — Tue, 08 Jun 2010 12:00:00 GMT

With effect from 21st June our Newcastle Service Centre will no longer accept new applications. If Newcastle is your current service centre you should start to send all new applications to the Northampton Service Centre from the 21st June. All pipeline business, including any outstanding items or proofs should continue to be sent to Newcastle.

House prices now less than 10% below their 2007 peak

Nationwide Building Society — Thu, 03 Jun 2010 12:00:00 GMT

House prices increased by 0.5% month-on-month in May, with the Annual rate of house price inflation dropping from 10.5% to 9.8% but prices overall are up 12.2% since the February 2009 trough.

Birmingham service centre migration

Nationwide Building Society — Thu, 03 Jun 2010 12:00:00 GMT

With effect from 14th June our Birmingham Service Centre will no longer accept new applications. If Birmingham is your current service centre you should start to send all new applications to the Northampton Service Centre from the 14th June. All pipeline business, including any outstanding items or proofs should continue to be sent to Birmingham.

5 year fixed rate mortgages reduced by up to 0.31%

Nationwide Building Society — Mon, 24 May 2010 12:00:00 GMT

From 25 May 2010 we will be reducing rates across our range of 5 year fixed rate mortgages for home buyer and remortgage customers. In addition to reduced rates, first time buyers can also benefit from a further £500 product fee discount on our improved range.

Changes to Intermediary service centres

Nationwide Building Society — Thu, 20 May 2010 12:00:00 GMT

On 25th March 2010 Nationwide issued a proposal to move the processing of all intermediary mortgage cases to 2 dedicated mortgage service centres. This would result in the closure of our service centres in Birmingham, Chester, Doncaster and Newcastle.

Nationwide - selected rates reduced by up to 0.60%

Nationwide Building Society — Mon, 10 May 2010 12:00:00 GMT

We are pleased to announce that from 11 May 2010 we will be reducing rates on selected fixed and tracker products by up to 0.60%. We will also be increasing the maximum LTV for remortgage clients with tracker products now available up to 85%.

Improvements to Maintenance Income Criteria

Nationwide Building Society — Tue, 04 May 2010 12:00:00 GMT

From 4th May 2010 we will be making a number of enhancements to our Maintenance Income criteria that may benefit your clients, including changes to the number of months that Maintenance must have been received before it can be used as income and the acceptability of Maintenance payments received under a written private agreement.

House price inflation reaches double digits

Nationwide Building Society — Thu, 29 Apr 2010 12:00:00 GMT

House prices increased by 1.0% month-on-month in April, with the annual rate of price inflation moving in to double digits for first time since June 2007, and house prices are now 10.0% below the October 2007 peak.

Nationwide - Service Update

Nationwide Building Society — Sat, 20 Mar 2010 12:00:00 GMT

Giving you the best possible service is our top priority. We're sending you a snapshot of our current service levels, so you can see just how quickly we're processing your cases.

New income criteria

Nationwide Building Society — Fri, 19 Mar 2010 12:00:00 GMT

Further to the recent changes to our affordability criteria, we are pleased to announce that we will now accept the following forms of tax credit and allowances as income: Working tax credit, Child tax credit, Child benefit and Pension credit.

New simplified product range

Nationwide Building Society — Wed, 03 Mar 2010 12:00:00 GMT

We have listened to your feedback and have reviewed our product range. From 4 March 2010 we'll be withdrawing House Purchase and First Time Buyer products with Free Legal Fees. To support first time buyers we still offer a range of products with a reduced product fee of £495.

Criteria Changes

Nationwide Building Society — Tue, 02 Mar 2010 12:00:00 GMT

From 4 March 2010 we will be making changes to how we calculate the amount that your client can borrow, taking a more personalised approach to assessing the amount we will lend. We'll also be making changes to mortgages into retirement, flexible features and renaming the reservation fee to product fee.

House prices slip in the winter snow during February

Nationwide Building Society — Fri, 26 Feb 2010 12:00:00 GMT

House prices fell by 1.0% month-on-month in February, although the price decline may be explained by snowy weather and expiry of stamp duty holiday. It's too early to say whether February's drop is just a temporary blip or the start of a new trend.

Further improvements to mortgage range - LTV tiers extended

Nationwide Building Society — Mon, 08 Feb 2010 12:00:00 GMT

From 9 February 2010 we'll be amending the LTV tiers on a selection of mortgages, making our lowest rate on all mortgages, for all borrower types, now available up to 70% LTV. We'll also be reducing our 1 year fixed rate by 0.20% to 3.49% for all purchase clients up to 75% LTV.