Nationwide increases gross mortgage lending to £36bn – Mortgage Solutions

. Index (MCAI), as reported by the Mortgage Bankers Association. The MCAI decreased 0.5 percent to 122.0 in June. A decline in the MCAI indicates that lending standards are tightening, while.

Nationwide Investment Services Corporation, member FINRA. Home Office: One Nationwide Plaza, Columbus, OH. Nationwide, the Nationwide N and Eagle and other marks displayed on this page are service marks of Nationwide Mutual Insurance Company, unless otherwise disclosed. 2019. nationwide mutual Insurance Company.

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If you’re already a Nationwide mortgage customer and want to borrow more, you could borrow up to 80%* of the value of your home (including your current mortgage), for any reason except to raise money for business purposes or to buy land or property to be let. *85% for home improvements.

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Gross buy-to-let mortgage lending increased from 800m to 1bn following "enhancements" to its product range. Net prime residential lending fell from 2.4bn to 2.2bn, which the lender put down to increased mortgage redemptions as a result of the "highly competitive market", noting there had been no growth in its specialist mortgage lending.

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As the Nationwide building society gets set to increase interest rates on its more popular mortgage packages, there is serious concern that competitors will be forced to follow suit. Despite the fact that UK base rates have been maintained at 0.5% for some time, and are likely to stay this way after.