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.
Cost of Living | Going Green | Maximum Loan Increase
Loan to Income cap increases
From Thursday 11 August we increased the Loan to Income (LTI) cap to 5.5x on the following applications:
● Existing Nationwide Borrowers Moving Home
● Further Advance (Additional Borrowing)
We’ll also now lend up to 5.5x Loan to Income (LTI) on new business House Purchase applications where the total income is over £100,000 a year.
From tomorrow, Thursday 25 August, we’re increasing selected fixed rates by up to 0.40% across our New Borrower, Existing Borrower and Switcher product ranges.