What mortgage options are open to your clients?
Use the drop down menus below to select the most appropriate product for your client's needs.
Please ensure you refer to the current lending LTVs as borrowing restrictions apply. Products may not always be available up to the maximum LTV displayed in the table below.
Important: Fees listed below include a non-refundable booking fee of £99, (payable at reservation) on all products excluding Additional Borrowing. If this fee is not received with the application products will not be reserved.
Please refer to the notes below as borrowing limits and restrictions may apply.
Important Information
†Products where the cost of a standard valuation is covered by Nationwide.
‡Products where the cost of the standard legal fees are covered by Nationwide (using a Nationwide Conveyancer) and where the cost of a standard valuation is covered by Nationwide.
Nationwide will pay the legal fees in connection with a straight-forward remortgage of registered land. However, your client will need to pay all charges or fees relating to any non-standard work that a conveyancer carries out.
The covering of costs for legal fees incentive is not available in Northern Ireland. This is due to regulation in Northern Ireland regarding the introduction of a customer to a solicitor.
If the customer decides not to use the included legal service after reserving their product they must reserve a different product.
Key terms
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Overall cost refers to overall cost for comparison
At the end of the deal period all fixed and tracker rate mortgages will revert back to our fully flexible Standard Mortgage Rate (SMR) mortgage - currently 3.99% (variable). The SMR has no upper limit or cap.
Fixed rates and tracker rates are limited offers and can be withdrawn at any time. The actual rate available will depend upon your client's circumstances.
Borrowing Limits
Borrowing limits apply, including:
*A £25,000 minimum loan advance limit applies to all two year fixed and tracker rate no product fee products. A booking fee is payable unless you are applying for additional borrowing (further advance).
Loans above £1m are not available. Maximum loan size refers to the aggregate of all loans. Subject to criteria.
Tracker Rates
Tracker mortgages are linked to the Bank of England Base Rate (BBR).
If the Bank of England Base rate is 0.00% or less during the tracker period, the rate your client pays will be 0.00% plus the agreed set percentage above the Bank of England base rate. This means that the rate your client pays will never go below 0.00% plus the additional percentage rate of their tracker mortgage. This is known as the tracker floor.
Switch to Fix
All of our tracker products offer a 'Switch and Fix' option - the ability to switch to one of our available fixed rate products from our 'Switch and Fix' range at any time without paying an early repayment charge. The only fee payable is the product fee on the fixed rate product (if applicable). Conditions apply.
Product Fees
Product fees (non-refundable at completion) can be paid on application or can be added to the loan. If the fee is added to the loan, interest will be charged on it during the term of the mortgage.
Booking Fees
A £99 non-refundable booking fee applies when reserving all products (including those without a product fee) excluding Additional Borrowing. This fee can not be added to the loan, and must be paid at reservation. Applications received without a booking fee will be returned or cancelled and no product will be reserved.
Additional Borrowing
Please note that subsequent additional borrowing applications cannot be accepted if less than 6 months have passed since the date of completion of the main loan.
Rates correct as of 20 August 2010.
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