Employed         |: P60 + latest pay slip 
                     || -(same employer) OR Employers reference 
                     || from current employer
    Self Emp         |: Accountants Certificate (must cover full 2 yrs 
                     || accounts)up to 500,000 loan
                     || 2 years accounts and Accountants statement (must
                     || cover full 2 years accounts) over 500,000 loan
    All              |: Mortgage Scoring
                     || Last annual mortgage statement covering 12 
                     || mths payment history
                     || Where statement covers less than 6 months 
                     || payments and is over 6 mths old last 3 bank 
                     || statements required, where the above is not
                     || available then an existing lender's reference is 
                     || required.  The applicant must not have
                     || exceeded 3 months arrears.   
                     || References are not required from Landlords
                     || who are private individuals.
                     || Where the Landlord ie either a local 
                     || authority, housing association or commercial 
                     || letting company a reference is required
                     || Alternatively if a rent book is available
                     || covering 12 months

    Acceptable forms of Identification
    1 Primary Identification (to verify customer's signature)
    UK Based bank or building society statement (not more than 3 mths old)
    Letter from benefits Agency (not more than 3 mths old)
    Inland Revenue notice of coding (current year only)

    2 Secondary Identification (to verify customers address)
      Gas or electricity bill (not more than 3 mths old)
      Telephone bill (not mobile and not more than 3 months old)
      Water bill (not more than 3 months old)
      Council Tax bill (current year only)
      Mortgage Statement (current year only)
 



  

   

    Non- structural home improvements
    Structural home improvements
    Buy out partners interest (non-borrowers)
    Buy final share in shared ownership
    Buy additional share in shared ownership
    Pay off second charge
    Buy freehold title or new extended lease
    Buy a share in the freehold
    Buy land to extend security
    Buy car, caravan or boat
    Invest, save or share purchase
    Buy furniture electrical or white goods
    School fees or child care
    Other personal consumption - refer to lender
    Holiday
    Business purposes up to 25K
    Repay unsecured debts

    


  

   

    UK Tax Payers         ||: Compulsory
    Arrears Outstanding   ||: Case referred to Mortgage Scoring
                          ||| Unit. Refer
    Arrears Settled       ||: Case referred to Mortgage Scoring
                          ||| Unit - Refer    
    Bankruptcy            ||: No
    Ex Patriates          ||: Non UK residents considered
    DWP Payments          ||: Yes (but not ISMI)
    Diplomatic Immunity   ||: No
    Debt History          ||: Refer
    Guarantors            ||: In certain circumstances - parents 
                          ||| or close family or someone with a 
                          ||| long Term relationship with the 
                          ||| borrower - refer

    Max age on application||: N/A
    Interview Required    ||: Yes in all cases
    Multiple Applications ||: Maximum 4 applicants. 2 highest
                          ||| incomes considered
    Secondary Income      ||: Yes

LIFE COVER REQUIREMENTS
    No compulsory insurances with Nationwide
   
    Most Life companies accepted


  

   

    No minimum property value stipulated

    PURCHASE
    Council RTB House / Leasehold Flat
    Holiday Home UK - Max 85%
    
    Second Residence (Owners / Dependents use) - Max 85%
    Second Residence (Overseas - only with a loan secured on a UK
                      property) - Max 85%
    Self Build
    Shared Ownership ( maximum of 95% of the value of the Share
    which must be a minimum of 40% of the value/Purchase Price)
    Equity share

    RTB - 100% DPP and 95% of OMV

    TENURE
    Freehold House
    Feuhold House / Flat (Scotland)
    Part Flying Freehold (Max 15sqm)
    Agriculturally restricted (Free / Leasehold) - refer
    Leasehold Flat/House
    Minimum lease required on redemption - 30 yrs (england and Wales)
                                         - 50 yrs (Scotland & N Ireland)

    CONSTRUCTION
    Conventional Brick / Tile
    Concrete (Precast / Prefabricated / High Alumina - refer)
    Steel Framed (Brick / Other Cladding - refer)
    Timber Framed (Brick / Other Cladding - refer)
    Wholly Timbered (Refer)
    Non Standard Construction (refer)

    PROPERTY
    Flat up to 4th floor (with / without a lift)
    Flat over shop (Self Contained)
    Flats in blocks not exceeding 4 storeys - Refer

    OTHER
    Back to Back
    Converted Flat
    Ex Council House / Flat
    More than one kitchen
    No bathroom (would need proposals to add)
    No indoor WC ( would need proposals to add)
    Occupied (Sitting Tenants - refer to lender)
    Part Commercial (Doctors Dentists Shop etc, Refer)
    Part Occupied (Refer)
    Single bedroom
    Studio apartment
    Thatched Roof

LOCATION
    England, Wales, Scotland and  Northern Ireland 

    


  

   

    Valuation for Mortgage Purpose     
    Purchase Price      Fee            
    (not exceeding)                    

    Homebuyer Report Fees
    Purchase Price   Fee            
    (not exceeding)                  
     50,000         350
    100,000         400   
    150,000         445
    200,000         495
    250,000         550
    300,000         600         
    400,000         660
    500,000 +       Refer          
   
    Valuation and Homebuyers Report fees include a Nationwide 
    Administration charge

    Structual Survey Fees negotiable between Applicant & Surveyor


  

   

NONE


  

   

   
    Self Build               ||: Yes
    Shared Ownership         ||: Yes
    Top Ups                  ||: Yes - refer
    Further Advances         ||: Yes
    Negative Equity          ||: Yes (existing borrowers only) 
    Secured Loans            ||: Yes (see Nationwide Trust)
    Semi / Full Commercial   ||: See Commercial Finance
    Minimum Term             ||: N/A
    Maximum Term             ||: 35 years

    95% - 237500
    90% - 450000        
    85% - 850000
    For price value >1m, Maximum LTV is 70%

    95% LENDING
    ===========
    At Branch Managers Discretion. Check with local branch before 
    committing yourselves and your client

Nationwide will charge a 90 fee to cover administration costs on
redemption of a mortgage account.However this will be waived if the
natural redemption date has less than 10 years to run or the customer
is taking out a new Nationwide Mortgage.(This will reward customer loyalty).

Equity Share-
The LTV calculation for products and credit scoring on all equity
share applications will be based on the full price or value of the 
property and not the reduced price being paid by the applicants.We 
will not lend more than the reduced price.

The limit for Builders equity shares is 25%