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.

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.

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.

Mortgages are secured on your home. You could lose your home if you do not keep up payments on your mortgage.