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Nationwide has announced a rule change for customers who earn over £75,000. The building society, which has branches in Birmingham , is enhancing its Interest Only offering as it aims to give homeowners more flexibility.

Interest Only lending will be extended to all buyer types up to 75 per cent Loan-to-Value (LTV) or up to 85 per cent if it’s a part interest only, part capital repayment application.

Nationwide is also expanding repayment options beyond the existing sale of main residence, to include UK-based savings, investments, pension funds and other properties.

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Applicants need a minimum eligible income of £75,000 for sole applications and £100,000 for joint cases, unless one applicant earns at

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