We're pleased to confirm that the enhancements to NFI Online and NFI MTE have been successfully made over the weekend, and alongside these, we've made changes to our retirement age definition - details of which are further below.
We've implemented our changes for the EU MCD as well as a number of system enhancements, so from today, you'll be able to submit the following applications online:
- Porting (excludes MTE).
- Genuine Bargain Price.
- Restricted Resale Price.
- Remortgages where your client owns a mix of mortgaged and unencumbered properties.
Our Retirement Age Definition
From today, we've also made changes to our definition of your client's retirement age. Nationwide will now only use the client's anticipated retirement age, rather than our policy where we use their state pension age if this is lower. The maximum retirement age will remain at 70 and the mortgage must end before the eldest applicant's 75th birthday.
New Product Codes
As a result of the system enhancements, all of our products will have new codes from today Monday 22 February (rates remain unchanged).