Remortgage with Debt Consolidation
If your client is borrowing to repay a credit card balance and does not clear the balance in full each month, please key the following in the Outgoings section:
- When asked ‘What’s the total your client owes on all credit cards?’ Enter the full total credit card balance owed.
- When asked ‘Of this amount how much will be cleared on or before completion?’ Enter the full total credit card balance owed, MINUS £1.
If they do clear the full balance each month, enter the current balance and the total amount to be cleared.
You can also complete a Decision in Principle in NFI Online to get an accurate affordability amount and the documents required.
Like for like remortgage
When applying for a remortgage on a like for like basis, the calculator will return the affordable amount, subject to a maximum of the amount transferred from the existing lender plus £1,000.
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.co.uk.
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). The quick quote calculator isn't recommended for self-employed applicants or non-standard transactions.