Nationwide how much can i borrow mortgage

How much can I borrow? Close screen reader. Calculate how much you could borrow. Next steps. Repayments calculator. I want to find out what my monthly payments could be. Mortgage rates.

I want to see which rates I can apply for. Get a Decision in Principle. For a thorough calculation of how much your client may be able to borrow, fill in the full affordability calculator below.

Alternatively, for straightforward cases you can get a quick indication of how much Nationwide could lend by using the quick quote calculator on nationwide. To give your client s an estimate of how much their property is worth today, use the house price calculator. Both calculators are for illustrative purposes and we recommend you complete the full affordability calculator before moving to a Decision in Principle DIP.

If you need more information, you can contact one of our experienced advisers using Broker Chat. We do not require you to verify past payment history for any applicant who is currently renting or has been renting over the last twelve months. In addition, there is a 15 day grace period from the date of the offer expiry in order to complete. Please see our New Build page for further information. The 45 days is inclusive of the 15 day grace period applied to all offers.

If your client's a UK national working abroad and their family ie spouse and children will remain in the UK as occupiers, these normally form acceptable cases. It's expected that the spouse will be a joint borrower. If the property will be let or left unoccupied whilst your client works abroad then the application isn't acceptable.

Income paid in a foreign currency isn't acceptable and self-employed income from outside the UK won't be considered. Applicants working abroad may have additional outgoings abroad, which will need to be taken into consideration. Applications can only be considered if your clients can provide a full UK address history for the last 3 years and satisfy our current ID policy, proof of residency requirements and underwriting criteria.

More about cookies. Accept and close. Sorry if this causes any problems. General criteria. In this section we cover:. Acceptable deposit sources Unacceptable source of deposit First time buyer Existing Nationwide borrowers Number of applicants. Unsecured debt Acceptable proof of payment history How long are offers valid for?

Ex-pats and applicants working abroad DIP refer cases. Go to Broker Chat. It must be dated within 42 days from when the document is uploaded. There must be evidence of at least one month's worth of savings built up in the account. If the transaction is a gift, the UK gifts criteria will be followed. In addition, one months' UK bank statement showing the funds being transferred to the UK bank account of the applicant. If the transaction is a gift, then non-UK gifts criteria will be followed.

Accepted on Shared Ownership applications, subject to the current builder cashback rules. Not accepted on Equity Share loan applications. Letter from solicitor Gifts There must be no conditions attached to the gift, except where the gift is provided by a family member and is subject to a second charge or family trust arrangement.

The only condition is for the repayment of the charge upon sale of the property. If a gift was given to the applicant over 12 months ago, this should be keyed as savings. Concessionary purchase Genuine Bargain Price is any sale where the vendor is purposefully and knowingly selling the property to the applicants under value.

There isn't a maximum amount for gifted deposits. Read more about Genuine Bargain Price. If the maximum product limits available at the time mean the FHTB is insufficient to meet the shortfall between the purchase price and the maximum available loan, then an additional deposit will be required. Monthly repayment including the mandatory insurance payment must be included in affordability calculation, this will be confirmed from the Personal Information Note PIN as issued to your client by the MoD.

Remortgages - the applicants payslip will evidence the total monthly FHTB outgoing. Equity from sale of property Sale price of the property Funds from Redundancy Any supporting documents that clearly state the funds are from redundancy eg a letter from a previous employer or payslip.

Unacceptable source of deposit Any loans taken out by your client, except for: borrowing from another lender against an additional property owned by the applicant subject to affordability and criteria the repayment of a Limited Company Directors Loan. The Limited Company accountants must confirm the monies are available and there is no detriment to the company by removal of the funds. This deposit must also be keyed as savings. Loan from a UK Trust Fund, provided no monthly repayment is made and the only condition attached to the Trust Fund loan is that it is repayable on sale of the property.

Any other form of loan from a Trust Fund is unacceptable. Funds from children under the age of 18, whether a sole or joint account holder, or beneficiary of a trust. Cryptoassets Back to top. First time buyer If your client is a first time buyer, check our First time buyer page , for our standard criteria.

Existing Nationwide borrowers Borrowing type Criteria Existing Nationwide borrower If your client is an existing Nationwide borrower, check our existing Nationwide borrowers page, which includes information on additional borrowing. Existing Nationwide borrowers page Overpayments section Porting To find out how to submit a porting case, you can check our dedicated page which includes key criteria and useful information.

Porting Rate Switch To find out how to complete a rate switch you can check our dedicated page which includes key criteria and useful information. Rate switch Additional borrowing further advance To complete an additional borrowing application you can check our dedicated page which includes key criteria and useful information. Additional borrowing Going Green To apply for a Green product you can check our dedicated page which includes key criteria and useful information.