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Nationwide changes fast-track rules

Amanda Jarvis

May 31, 2006

The three changes that have been made are as follows:

* All applications for loans under 50 per cent LTV are guaranteed to be fast tracked if they pass Nationwide credit scores
* For loans between 50 per cent and 95 per cent LTV, applications can be fast tracked if the new mortgage loan size is less than 150 per cent of the applicant's current mortgage
* Nationwide's fast track applies to mortgages up to £500,000

Tim Hughes, head of intermediary markets at Nationwide, said: “We are pleased to be able to introduce these changes to our fast-track rules as another development in our long-term programme dedicated to improving the service offered to brokers by the Society.”


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