Reduction in stress rates following FCA’s rule clarification allows applicants to borrow on average £28k more
Change provides boost for all buyer types, notably for remortgage, making it easier to move to Nationwide
Stress rates also cut for Helping Hand, helping more first-time buyers borrow up to six times income
Comes as Nationwide continues to push for review of the Bank of England’s Financial Policy Committee Loan-to-Income flow limit to unlock the full potential of the rule clarification
Nationwide is the first building society to gain this rating - which is the second of three levels firms can achieve through the programme.
This follows a comprehensive review by the charity assessing the accessibility of their services for customers with mental health problems.
The award recognises the tangible steps Nationwide has taken to support its customers with mental health problems, and the progress it has made after working with Money and Mental Health to make their services more accessible.
Reduction in stress rates following FCA’s rule clarification allows applicants to borrow on average £28k more
Change provides boost for all buyer types, notably for remortgage, making it easier to move to Nationwide
Stress rates also cut for Helping Hand, helping more first-time buyers borrow up to six times income
Comes as Nationwide continues to push for review of the Bank of England’s Financial Policy Committee Loan-to-Income flow limit to unlock the full potential of the rule clarification