Getting started

How much can I borrow?

What's in this section?

How much can I borrow?

Use our calculators to work out how much you can borrow.

Boosting your credit rating

Tips on how to improve your credit score when applying for a mortgage.

Remortgaging costs

A reminder of some of those extra expenses.

How much can I borrow?

How much you can borrow depends on your personal circumstances, such as income. It’s also down to how much we're willing to lend. Although you’re ultimately responsible for paying it back, we're also obliged to check you can afford to repay the loan and make sure you’re not over-stretching your finances.

Other factors such as your loan-to-value (LTV) ratio and the current value of your property will also be considered. The LTV ratio is the comparison between the amount you want to borrow and the value of your home, expressed as a percentage. It tells us how much equity you have in your home. The lower the percentage, the better the deals you can usually get.

Try out our Mortgage Affordability calculator to see how much you could borrow.

Boosting your credit rating

There are a number of ways you can improve your chances of getting the mortgage you want.

Establish a pattern of regular saving

Having savings may give you a buffer against unexpected events, helping you to avoid missing payments or increasing the amount you owe on credit cards or loans.

Check your credit file 

The three main credit reference agencies are Experian, Equifax and Call Credit. For a small fee, you can ask them for a copy of your credit report. When you receive it, check everything’s accurate and contact the agency if anything’s amiss.

Review unused credit cards or accounts and update your details

Having credit cards that you don’t need will increase the amount of overall credit you have available and may impact your credit score. To ensure a smooth ID check, it’s important that all active accounts are registered to your current address.

Register to vote

You might find it harder to get credit if you’re not on the electoral roll. To register, go to and download a form.

Don't be late with payments

Your credit score will be better if you keep up the repayments on any credit agreements you have. Late, missed or default payments or County Court Judgement (CCJs) will negatively impact your score, so always get in touch with your provider if you’re struggling.

Build relationships

If you have a current account with a bank or building society, you might find it easier to get a mortgage with the same lender. They might even have special offers for existing customers. For example, you can take advantage of special rates and cashback when you're a Nationwide main current account customer (criteria applies).

For even more information on improving your credit rating see our useful guide – Ways to improve your credit score.

Remortgaging costs

There are usually costs involved in remortgaging. Your current lender may charge you an Early Repayment Charge if you leave your current mortgage early. If you choose Nationwide as your new lender, we don’t charge any booking or standard valuation fees, but your new deal with us may come with a product fee. Some possible fees and charges are listed below:

Product fees

Some mortgages have a product fee, which can either be paid up front or added to the total amount you’re borrowing. If you add the product fee to the total, you’ll pay interest on it.

Early Repayment Charges and redemption fees

Because you’ll be leaving your current mortgage to get a new mortgage with a new lender, your current lender may charge you Early Repayment Charges for leaving your mortgage early, or redemption fees if your mortgage is ending.

Legal / Conveyancing fees

Moving your mortgage from one lender to another can result in having to pay legal costs. But when you move your mortgage to Nationwide, we’ll pay these costs in most circumstances.

When you remortgage to us, we pay a fee to cover the standard solicitor’s fees, VAT and the cost of all standard disbursements (i.e. the money your solicitor has to pay to third parties), except the cost of transferring funds from the solicitor to your existing lender. Find out more about moving your mortgage to Nationwide.

Valuation fees

When you remortgage, a valuation is needed before you can complete your mortgage. The lender will request a standard valuation – with Nationwide, this is free.

Broker fees

If you use the services of a broker, the fees may be covered in one of two ways, either they charge you directly for their services or they are paid a commission by your new lender.


Finding the right mortgage

Getting a Decision in Principle

Applying for a mortgage

Completing your mortgage