We've listened to your feedback and as a result, we'll be making a number of enhancements to NFI Online and NFI MTE in the near future. We'll confirm the date in the coming weeks.
For existing Nationwide borrowers wishing to port their current mortgage product, including the Base Mortgage Rate (BMR) and Standard Mortgage Rate (SMR), you'll be able to submit these through NFI Online.
Once this change has been made, access to our current eServices platform, that's used to produce a Porting KFI, will be removed.
Soon you'll also be able to submit the following application types via NFI Online and NFI MTE.
Restricted Resale Price
This is where a property is sold at a percentage below its open market value. Further information on our criteria will be available from our website nearer the time.
Genuine Bargain Price
This is where the property is knowingly being purchased at a price below the market value, for example, an inter-family sale. Further information on our criteria will be available from our website nearer the time.
When your client owns a mixture of mortgaged and unencumbered properties, you'll no longer need to submit these as a paper application.
EU Mortgage Credit Directive
We'll be making these changes alongside our implementation of the EU Mortgage Credit Directive (MCD). You can find more information about this on our dedicated webpage.
Help and Support
We'll provide you with further information about when these changes take effect and our approach to pipeline applications in the coming weeks.