From Thursday 20 November, we'll be increasing our Buy to Let rental stress rate from 4.99% to 5.49% for applications between 65% and 75% LTV.
|LTV||Existing stress rate||Stress rate (from 20 Nov)||Rental cover|
|Up to 65% LTV||4.99%||4.99||125%|
|Over 75% LTV||5.99%||5.99%||125%|
A stress rate of 4.99% will continue to apply on all fixed rate products of 5 years or more (regardless of LTV)
For applications where overall lending with the Nationwide Group exceeds £1m, a stress rate of 5.99% will remain in place.
Our maximum loan will continue to be calculated using the higher of either the stress rate or product pay rate, against a rental cover position of 125%.
Help and support
Securing current products
You can secure any current products available via TMW Online or TMW MTE by submitting a Full Mortgage Application (FMA) by 8pm on Wednesday 19 November 2014.
Where applicable, paper applications must be postmarked up to Wednesday 19 November 2014.