You could save your clients £5,241

Our 2 year fixed rate at 1.99% beats other lenders' SVRs

Our research shows that a third of mortgage owners are on an SVR, and that savings of just £100 a month could prompt them to remortgage.*>/p>

By switching from a competitor SVR of 4.74% to a Nationwide 1.99% fixed rate, your clients could save £5,241 over the term of the deal.**

Take a look at our handy comparison table and see how much you could save your clients.

Lender/Competitor
SVR
Monthly Savings
Total Savings
Virgin Money
4.79%
£226.94
£5,347.59
Santander
4.74%
£222.53
£5,241.75
Coventry BS
4.74%
£222.53
£5,241.75
RBS/NatWest
4.00%
£158.39
£3,702.29
C&G†
3.99%
£157.53
£3,681.84
Halifax/Bank of Scotland‡
3.99%
£157.53
£3,681.84
HSBC
3.94%
£153.28
£3,579.70
Woolwich/Barclays
3.89%
£149.03
£3,477.80

*Research based on Your Nationwide Mortgage Survey, conducted in December 2013.

**Savings based on a standard variable rate of 4.74% on a loan amount of £165,000 on an 18 year repayment mortgage. 2 year fixed rate available with a minimum 30% deposit. Non-refundable booking fee of £99 paid upfront and £900 product fee added to the loan.

†C&G and Lloyds TSB introduced HVR (Homeowners Variable Rate) which is 3.99% to new customers on 1 July 2010, prior to this for existing customers whose deals were taken out before 1 July 2010 the SVR rate was 2.50%.

‡Halifax and Bank of Scotland introduced HVR (Homebuyers Variable Rate) which is 3.99% to new customers on 4 January 2011.