Here is the latest update from Nationwide Building Society. For full details see their latest product information here. Access these product via our direct to lender mortgage club and get the benefits of payment on completion.
Helping Hand minimum income reductions
We recently reduced the minimum incomes for both sole and joint applicants.
This change follows the regulator’s recent announcement that enables lenders to increase high loan to income lending. We moved quickly so that we could support more first time buyers to get on the property ladder.
Extra help for your remortgage clients
We now offer extra help for your remortgage clients. So, if they take a 5 or 10 year fixed rate product, and meet eligibility criteria, they may be able to borrow more.
We lend up to 95% of the value of their home.
Free standard valuation.
A choice of free standard legal fees or £500 cashback.
New Build updates
New Build now at 95% LTV
We recently increased our LTVs. We’ll lend up to:
95% LTV for New Build houses.
85% LTV for New Build flats.
Offer period now extended to 9 months
We want to help more home movers and first time buyers into New Build homes. And, to give more certainty to clients, we recently extended our offer period to 9 months on New Build properties.
In case you missed it
Leadership insights: Interview with Ian Andrew
Our latest video features Ian Andrew, Intermediary Relationships Director. Ian talks about the importance of intermediaries and the initiatives we’ve introduced to strengthen relationships.