Nationwide Building Society is increasing the maximum loan-to-value (LTV) available to self-employed borrowers to 95%.
This means that whether they are moving to a new home or purchasing their first property, they will have access to Nationwide’s standard product range.
For those looking to remortgage to Nationwide, they will also have access to the entire remortgage product range, up to 90% LTV.
At the same time, Nationwide will be increasing the amount that self-employed can borrow by increasing the maximum loan-to-income (LTI) available to them to 5.5 times income.
Nationwide Building Society director of home Henry Jordan says: “Having changed our lending policy for self-employed during the pandemic, we believe now is the right time to increase our support by extending our maximum loan-to-value available to them to 95 per cent.
“We’re committed to supporting self-employed borrowers as much as we can, which is why we’re also increasing the amount that they can potentially borrow with Nationwide to 5.5 times income.”
