In a significant move, Nationwide Building Society has announced a major expansion of its high loan-to-income (LTI) lending options. This change will allow some borrowers to access tens of thousands of pounds more than previously available.
Under the new terms, home movers and customers remortgaging will now be able to borrow up to six times their annual income, up from the previous limit of 5.5 times. This enhanced offering extends to both new and existing customers, applicable for loans up to 95% loan-to-value (LTV).
To qualify for this increased borrowing, sole applicants must demonstrate a minimum annual income of £75,000, while joint applications require a combined income of £100,000. These income thresholds remain consistent with previous requirements.
The changes mean that, for example, a sole applicant with an income of £75,000 may now be able to borrow up to £450,000, an increase of £37,500 from the previous maximum of £412,500. Joint applicants with a combined income of £100,000 could now borrow up to £600,000, a £50,000 increase from the previous £550,000 limit.
Nationwide says the move is a response to regulatory changes made last year, which have “unlocked” the ability to widen and enhance lending. The society also noted a 57% increase in the number of first-time buyer mortgages taken at or above five times income in 2025, compared to 2024.
Henry Jordan, Nationwide’s group director of mortgages, said: “The Government and regulatory changes last year have been a game changer for first-time buyers. Alongside our Helping Hand expansion to six times income in September 2024, they’ve enabled greater support for those who need it most.”
The changes have also been welcomed by industry experts. Nicholas Mendes, mortgage technical manager at John Charcol, said: “Nationwide extending six times income lending beyond first-time buyers is a positive step, particularly as the first wave of Helping Hand customers start to look at their next move, a remortgage, or additional borrowing.”
With the right advice, Mendes added, borrowers can use this flexibility to “move sooner and secure a deal that fits both the immediate need and the longer-term plan.”
