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Nationwide Building Society has announced that homeowners looking for a new five or 10-year mortgage deal may benefit from enhanced affordability, enabling them to borrow more. The enhanced criteria will be available for both employed and self-employed applicants. ‌

Nationwide said it will apply a different affordability calculation when eligible remortgage applicants take out a five- or 10-year fixed-rate product - which may enable them to borrow more. The enhanced criteria will be available for both employed and self-employed applicants. ‌

Sole applicants will need a minimum income of £40,000 and joint applicants a minimum of £70,000 to benefit from the enhanced affordability check, the building society said. Individual circumstances will vary and the amounts that c

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