New borrowers
Your clients could now borrow up to six times income, where they are:
Our extended higher loan-to-income options
We are here to support a wide range of borrowers. Our support for those looking to get onto the property ladder remains as strong as ever. We are strengthening our support to those looking to move up the ladder or looking to borrow more on their current property.
- a home mover or remortgaging with additional borrowing, and
- have an eligible income of £75,000 or more for a sole applicant (£100,000 joint).
Information:
Clients who are self employed are also eligible to borrow up to six times income.How this change could help your clients
For applicants who are home movers or remortgaging and looking to borrow more, here are a couple of examples of how this change will help:
- A single applicant, with an eligible income of £75,000 could now borrow up to £450,000. This is an uplift of £37,500.
- Joint applicants, with an eligible income of £100,000 could now borrow up to £600,000. An uplift of £50,000.
Don’t forget, we already lend up to six and a half times income for like-for-like remortgages.
Existing Nationwide borrowers
Existing Nationwide clients could now borrow up to six times income, where they are moving home, or borrowing more.
There is no minimum income level, so a borrower with an eligible income of £50,000 could now borrow up to £300,000. An uplift of £25,000.
Clients who took a Helping Hand mortgage when we launched in 2021, will now start to come to the end of their deal. So, if they’re looking to move to a new a property, or stay in their current one, we are here to help them again.
To see how much more your clients could borrow, check our affordability calculator.