Existing Nationwide borrowers

Your existing Nationwide clients may be able to get a better mortgage deal by staying with us. This page has all the information you need to help them do that, including porting, switching and overpayments.

If your client has an application in progress to let the property, we won't consent until it has completed. This applies to the following applications:

• additional borrowing
• taking a new product as part of a Switch application
• adding or removing a borrower
• for a contract variation (for example changing the mortgage term or repayment method).

Applications that do progress might show incorrect information such as in the rate, total amount payable or monthly payment, as we will apply the loading rate separately.

Like for like

If your client(s) is an existing Nationwide mortgage customer moving home, we'll consider their application on a 'Like for Like' basis where:

• The total amount of the borrowing (excluding product fees if added), is no more than the existing borrowing
• There is no change of applicant(s) (i.e. not adding, removing or replacing an applicant)
• The borrower is not changing their current repayment method
• The term of the new mortgage is not shorter than the current term.
• We'll allow term extensions unless the borrower(s) is
  • already retired OR
  • the term extension takes the borrower(s) into retirement OR
  • further into retirement.

On Like for Like applications we'll require you to provide all generated proofs. This includes Proof of Income.

If your client(s) mortgage is on Interest only and meets the above criteria (but fails affordability assessment), you must manually appeal these cases. You can do this through your BDM. They will then send your appeal to our underwriting team to review.

We'll require 3 months bank statements. This is in addition to the documents automatically requested when you submit an application.