Mortgage Illustrations

A Mortgage Illustration provides information about a mortgage loan according to your client's circumstances and preferences.

You can produce a Mortgage Illustration for most mortgage schemes via NFI Online.

If you can't locate the scheme, you can contact us on Broker Chat.

Requesting Mortgage Illustrations

You can produce a Mortgage Illustration via NFI Online or a sourcing system for the following types of borrowing:

Porting

You can produce most Porting Mortgage Illustrations via NFI Online. You'll need your client’s mortgage account number. Please refer to our Porting Guide for full details on how to do this.

If you want to produce a Mortgage Illustration for a loan that is being ported to another property, you can do this if your client hasn't already redeemed the loan to be ported.

The following scenarios will need a manual illustration.

Porting exceptions

• Porting a 25 year fixed rate
• Porting a mortgage term which takes the applicant past 75 years old (unless it's a like for like application)
• Porting an account where your client has let out the current mortgaged property
• Porting where there are 3 or more applicants (like for like applications only)
• Porting of 4 or more accounts

Any exceptions will require a Manual Mortgage Illustration. To generate this you’ll need to complete and submit the Manual Mortgage Illustration Porting Request Form. We'll fax or post the Mortgage Illustration to you within 48 hours of receipt, if we receive the form by 3pm. Any forms received after 3pm will count as the next working day.

For further information on porting a product, please call 0345 730 20 11.

Additional borrowing

You can produce additional borrowing Mortgage Illustrations via NFI Online. The Mortgage Illustration will appear in the reserve a product section on the application.

The following scenarios will need a manual illustration.

Additional borrowing exceptions

• After completing the Decision in Principle
• Applications that have ‘with works’ valuations
• Applications where there are multiple accounts, but the main account has a nominal balance*
• Applications where your client has let the property. (See our eligibility).

Any exceptions will require a Manual Mortgage Illustration. To generate this you’ll need to complete and submit the Manual Mortgage Illustration Additional Borrowing Request Form. We'll post the Mortgage Illustration to you within 48 hours of receipt, if we receive the form by 3pm. Any forms received after 3pm will count as the next working day.

* A nominal balance is where an account has a balance of £1 in order for us to retain the deeds of property.

Rate switch

You can produce most rate switch Mortgage Illustrations via NFI Online.

The following scenarios will need a manual illustration.

Rate switch exceptions

• More than two applicants on the existing mortgage
• Your client is switching more than four accounts.

Any exceptions will require you to complete and submit the Rate Switch Application Form. Once this has been completed by our team, you'll receive a copy of the offer. You'll then need to complete our Rate Switch Offer Acceptance Form to confirm that your client has accepted it.

Additional fees and charges

A Mortgage Illustration will be produced using Nationwide standard valuation fee structure.

In the mortgage application, you must disclose any fees you charge in the Mortgage Illustration. This is so we can disclose them in the offer document.

In Section 2 of the Mortgage Illustration, you can find details of the fees that we pay you. This includes procuration fees and inducements. If you produce a Mortgage Illustration from NFI Online, we’ll disclose within this section the gross procuration fee and details of the recipient(s). This may not be the amount of money that you receive from your company/firm. We’ll calculate the value of any inducement you, your company and any network/club has received.

Nationwide's definition of an inducement includes for example gifts, lunches and valuations.

In Section 4 of the Mortgage Illustration, you can find details of the fees the client is required to pay to the lender and yourself. This includes any applicable valuation, booking and reservation fees that Nationwide charges.

We produce Mortgage Illustration calculations on the product chosen on the day and the information supplied.