We discuss Nationwide for intermediaries. If you are a broker looking to make an application or a borrower looking to gauge how this lender works then this guide is for you.

Nationwide for intermediaries

Nationwide for intermediaries is committed to helping brokers place business for their clients. They have business development managers who will be able to assist you in placing business and a range of mortgage products which are very competitive.

You can view the Nationwide for intermediary affordability calculators here.

You can view a full range of mortgage products which they offer here.

You can view their lending criteria here.

Nationwide for intermediaries

Nationwide for intermediaries procuration fees

Gross fee paid by the lender

All standard products        0.35%

Retention                             0.20%

Fees payable on ported products

All information correct as at 04/03/2019

Procuration fee for intermediary

All standard products        0.33%

Retention                             0.19%

Fees payable on ported products

All information correct as at 04/03/2019

Who do they support?

Nationwide for intermediaries have products with these key features:

95% LTV products

Free standard valuations on all homebuyer & remortgage products

Various employment types accepted (subject to criteria) – employed (including new jobs), Self Employed, Fixed Term Contracts, Zero Hour Contracts, Foster Carers

Remortgage products with a free standard valuation and free standard legal fees or £500 cashback

Fixed-rate mortgages, over 2, 3, 5 or 10 years

Tracker rate mortgages, with no ERCs

10% overpayment allowance, based on original loan amount

Housing scheme support including Help to Buy and Shared Ownership

Dedicated large loans team for loans from £500k to £2m

Joint Let to Buy proposition with The Mortgage Works.

Their key features

Some of the key features of placing business through Nationwide for intermediaries include:

Business Development Managers who cover the whole of the UK

An experienced support team who are available on the phones and via email

Case tracking alerts received via email

Quick customer service from the support time with phones answered usually under 30 seconds.

Online application system with the ability to upload documents

One case owner who manages the application from receipt to offer

Flexible underwriting – willing to consider complex cases on an individual basis 

Submit an online application to Nationwide for intermediaries

You can submit applications through Nationwide for intermediaries(NFI) Online

Instant DIPs, KFIs and product reservations

Complete online applications

Fully electronic declarations

Immediate valuation instruction

Print DIP certificates

Scan and attach documents.

Nationwide for intermediaries business development managers

Nationwide for intermediaries (NFI) has a network of field and telephone-based Business Development Managers covering the UK along with telephone-based, regional Business Development Advisers committed to meeting your business needs.

Registering for Nationwide for intermediaries

To be able to place any business with Nationwide for intermediaries you will have to first register with them.

The registration process can be done in a few easy steps

Register with Nationwide

How to register for electronic trading:

Step 1: First you need to register your details with MTE to receive your User ID, Password and PIN number. After successfully completing this step you will need to wait 2 hours before returning to complete step 2.

Step 2: Once you have your MTE log in details, register with Nationwide (if you aren’t already). After you have registered your details for MTE and Nationwide log on and you’ll have immediate access to NFI Online.

Amend existing registration details

You can amend your existing registration details by signing onto NFI Online and selecting ‘manage my details’. From here you will have the option to select three tabs, Personal Details, Company Details, Submission Routes.

To view or update your mailing preferences, e-mail address or contact details, please select Personal Details.

If you wish to update the address that is printed on KFIs and Offers, please select Company Details.

Contacting the support team

You can contact your local business development manager if you need help but your first point of contact should be the support teams which are available over the phone or via the webchat.

Address

Nationwide for Intermediaries

Portman House

Richmond Hill

Bournemouth

BH2 6EP

​For enquiries

Email: nfisalessupport@nationwide.co.uk

Call: 0800 545 31 31

Online: www.nationwide-intermediary.co.uk  via Broker chat

Broker Chat is an online instant messaging service open until 6pm, Monday to Friday. It’s a quick and convenient way to speak to one of our experienced advisers. You can get guidance with any of the following:

 Lending criteria

 Products

 Procuration fees

 Registrations.

Broker Chat also gives you the ability to save a record of your online conversation.

John Bate

John has 22 years of experience in financial services. This spans across financial research, financial services (As a qualified mortgage broker and underwriter), financial trading and sales at global investment banks. While working as a publishing research analyst, he covered European bank credit and advised institutional clients on investment strategies at both JP Morgan and Societe Generale. John has passed all three levels of the CFA (Chartered Financial Analyst) programme.