Nationwide increases the amount it will lend to self-employed mortgage customers

by Aaron Strutt

Oct 03 2023

Nationwide has made improvements to the borrowing limits for self-employed people.

The mutual has increased the maximum loan-to-value available to 95 per cent from a previous limit of 85 per cent.

This will be open to self-employed borrowers who are moving or buying their first home. Those who are remortgaging will be able to access Nationwide’s entire remortgage range which is available up to 90 per cent LTV.

The maximum loan to income has also been raised from 4.49 times income to 5.5 times income.

Aaron Strutt, product director at Trinity Financial, says: “Nationwide changed its lending policy for self-employed during the pandemic, and has only just extended its maximum loan-to-value available to them to 95 per cent.

“The lender says it is committed to supporting self-employed borrowers as much as it can, which is why it's increasing the amount the self-employed can potentially borrow with Nationwide to 5.5 times income.”

Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation 

The information contained within was correct at the time of publication but is subject to change.

Your mortgage is secured on your property. Your property may be repossessed if you do not keep up repayments on your mortgage