Transfer of equity - FAQs

If you want to request adding or removing someone from your mortgage and change product at the same time you'll need two separate applications (and pay any applicable fees).

If you’d like to make an application to add or remove someone from your mortgage, please visit your local Nationwide branch. It's not currently possible to apply for a transfer of equity online or over the phone.

Every application for a change of borrower will go through our affordability assessment. This is to make sure that you’re able to afford the loan repayments. As part of this assessment all applicants need to provide us with proof of income. We’ll also carry out a credit check on all applicants.

When applying to change the borrowers on the mortgage you’ll need to show us proof of income.

We accept the following documents as proof of income:

  • Currently employed - your most recent payslip and if you’ve received any bonuses that need to be taken into account, we’ll also need to see your P60
  • Self-employed - SA302’s forms for the last 2 years (this is a brief summary of your income that has been reported to HMRC)
  • Unemployed - we’ll accept a letter from HMRC or the Department for Work and Pensions (DWP)
  • Employed, but currently on maternity leave, we’ll need a letter from your employer that states when you’re returning to work.

There is a £125 fee for a change of borrower application. The fee needs to be paid when you make the application and can’t be added to the loan. We’ll refund the fee if we decline your application.