"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."
Nationwide Building Society has increased the maximum LTV available to self-employed borrowers to 95%.
Self-employed borrowers will now have access to Nationwide’s standard product range up to 95% LTV whether they are first-time buyers or moving to a new home.
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 is increasing the amount that self-employed customers can borrow by increasing the maximum loan-to-income (LTI) available to 5.5 times income.
Earlier today, Nationwide reduced its fixed remortgage rates by up to 0.25% and selected tracker rates by up to 0.40%.
Henry Jordan, Director of Home at Nationwide Building Society, said: “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.”
