Nationwide introduces new 'minimum income' rule with customers warned

Dariusz Karpowicz, Director at Doncaster-based Albion Financial Advice, also welcomed the news: “Nationwide strikes again with another clever enhancement to their affordability calculations.

"This proves they're serious about helping remortgage borrowers escape the product transfer trap. This latest move builds on their already generous lending criteria, offering borrowers who've proven they can handle mortgage payments a chance to access better deals rather than being stuck with their current lender.

"The beauty of this approach is its common sense. If you're already managing your mortgage payments successfully, why shouldn't enhanced affordability reflect that track record?

"With minimum income thresholds of £40k for sole applicants and £70k for joint applications, Nationwide is targeting borrowers who genuinely need this flexibility whilst maintaining responsible lending standards.”