Nationwide withdraw guarantor lending

With effect from Friday 17 December, Nationwide For Intermediaries will be withdrawing its Guarantor mortgage facility.

Related topics:  Property
Warren Lewis
16th December 2010
Property
Nationwide product codes will also be updated.

Applications for Guarantor Mortgages after this date should be through Nationwide For Intermediaries specialist lending subsidiary, The Mortgage Works, who offer a dedicated Guarantor product range.

Guarantor Products from The Mortgage Works

The Mortgage Works is the only lender offering a bespoke range of Full and Limited Liability guarantor products through intermediaries. Visit the website or download the TMW Prime product guide to find out more.

The TMW Guarantor range features:

- Full liability products with rates starting from 2.94%

- Limited liability products, designed to assist those looking to guarantee a smaller proportion of the loan, with rates from 3.19%

To reserve existing products

To reserve existing NFI guarantor products, paper applications must reach the Service Centres by 5pm on 4 January 2011 and have a valid form of payment for the booking fee.

If the booking fee is not received with the application NFI will return or cancel the application and no product will be reserved.
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