Nationwide are making a number of enhancements to NFI Online and NFI MTE in the near future – they’ll be confirming the date soon.

Porting Applications

For existing Nationwide borrowers wishing to port their current mortgage product, including the Base Mortgage Rate (BMR) and Standard Mortgage Rate (SMR), you’ll be able to submit these through NFI Online.

Once this change has been made, access to their current eServices platform, that’s used to produce a Porting KFI, will be removed.

Soon you’ll also be able to submit the following application types via NFI Online and NFI MTE.

Restricted Resale Price

This is where a property is sold at a percentage below its open market value. Full information on Nationwide’s criteria for this will be available on their website nearer the time.
Genuine Bargain Price

This is where the property is knowingly being purchased at a price below the market value, for example, an inter-family sale. Full information on Nationwide’s criteria for this will be available on their website nearer the time.

Unencumbered Remortgages

When your client owns a mixture of mortgaged and unencumbered properties, you’ll no longer need to submit these as a paper application with Nationwide.

EU Mortgage Credit Directive

Nationwide will be making these changes alongside their implementation of the EU Mortgage Credit Directive (MCD). You can find more information about this on their dedicated webpage.

Help and Support

If you have any questions regarding the changes, please contact your local Nationwide BDM or your regional Dedicated Broker Support team through Broker Chat or on 0800 545 3131.