Where an applicant doesn’t have indefinite leave to remain in the UK, they will now only need a minimum of 12 months remaining on their visa at the time the application is made. This is a reduction from the previous minimum requirement of two years, six months.
Applicants without indefinite leave to remain will continue to be able to borrow up to a maximum 75% Loan-to-Value and will still need to provide a full three-year address history.
Henry Jordan, Director of Home at Nationwide Building Society, said: “This latest change to our minimum visa validity requirement will increase the mortgage options available those applicants without indefinite leave to remain and bring Nationwide in line with the wider mortgage market.”
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