Overview

• The 'property lending check' tool evaluates property risks like flood exposure and lease length to provide real-time mortgage eligibility insights.
• Integrated into Rightmove's mortgage-in-principle feature, the tool allows buyers to check eligibility before viewings or offers.
• This tool aims to reduce the average five-month home-buying process by helping buyers avoid properties unlikely to secure financing.
• Nationwide's underwriting criteria power the tool, with plans for iterative updates to enhance its accuracy and scope over time.
• Experts highlight the potential to alleviate buyer stress by flagging common financing obstacles earlier in the process.