Remortgage

  • Customers transferring their existing residential mortgage from another lender to Nationwide
  • Customers wishing to take out a new mortgage on a mortgage free residential property that they own

Key product features for your clients:

  • Free standard valuation and a choice of FREE standard legal fees or £500 cashback
  • Day one remortgage
  • We lend up to 90% of the value of their home on a like-for-like remortgage and with additional borrowing
  • Offers valid for 180 days
  • 90 day product reservations
  • Products with free standard legals will benefit from an online tracking service available through Enact, with 81% of customers satisfied by our chosen free legals provider*
  • If your client is repaying a Help to Buy equity loan in full, we'll lend up to 90% LTV to help them
  • 10% overpayment allowance on fixed rate products
  • No ERCs on tracker products
  • Remortgage tolerance of up to £500 (NFI Online cases)

*Enact average customer satisfaction score during April-July 2019

Borrowing limits

Borrowing limits table
Loan purpose Maximum LTV
Remortgage like-for-like and with additional borrowing 90% LTV
Remortgage with additional mortgaged properties in the background (e.g. second property or buy to let property) 85% LTV
Remortgage for debt consolidation or paying off a second charge (including non Help to Buy equity loans) 80% LTV

You can also see a full breakdown of additional borrowing limits on our borrowing page.

Additional borrowing limits

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Mortgage features

Remortgage information

More information relating to our remortgage benefits is below. If you can’t find the information you’re looking for, talk to our Business Development Advisers using Broker Chat.