Lending criteria FAQs
Income benefits and employment
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My client is self-employed and completes their self-assessment on a paper form but has lost their original paper work. What should I do? This will reveal additional content
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What income is accepted for an applicant on parental leave? This will reveal additional content
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My client receives their income in a foreign currency. Are they still able to apply for a mortgage? This will reveal additional content
LTVs
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What are the maximum LTVs on Shared Ownership cases? This will reveal additional content
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What’s the maximum LTV on Equity Share Loan cases? This will reveal additional content
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What are the maximum LTVs on Restricted Resale Price properties? This will reveal additional content
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What are the maximum LTVs on a Genuine Bargain Price property? This will reveal additional content
Remortgages and additional properties
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My client already has a mortgage with Nationwide on their current home. They want to remortgage this property as a Buy to Let so that they can buy and move to a new residential property. Is this possible? This will reveal additional content
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My client wants to remortgage their current home as a Buy to Let and take out a new residential mortgage with Nationwide. What’s the process? This will reveal additional content
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Can my client remortgage if they have owned the property for less than six months? This will reveal additional content
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How do you treat additional properties owned by the applicant? This will reveal additional content
Affordability
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How can I print my client’s affordability calculator results? This will reveal additional content
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How can I save my client’s affordability calculator results? This will reveal additional content
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My client has debts that they’re going to clear on or before completion, do I need to key them? This will reveal additional content
Miscellaneous
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What’s your policy towards new build incentives? This will reveal additional content
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What’s your policy towards ex-pats and applicants working abroad? This will reveal additional content
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What is Separate Representation? This will reveal additional content
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How does my client request Consent to Let? This will reveal additional content
We hope we've covered most of the common questions, but if you're still unsure about something, you can contact one of our experienced advisers on Broker Chat.