Switcher products and retention procuration fees update

Earlier this year, we confirmed that we'd soon be providing all intermediaries with access to our full range of switcher products. In recognition of your support, we also committed to paying a procuration fee for retention business.

We're now pleased to announce that from today, Monday 21 August, you'll be able to complete a rate switch on behalf of your client using NFI Online. And, for all Nationwide switcher applications submitted, we'll be paying a gross procuration fee of 0.20% via your usual Mortgage Club or Network.

Read more about completing a rate switch on our Existing Nationwide borrowers page.

Rewarding existing member loyalty

As a building society owned by its members, we remain committed to prioritising member benefits and loyalty. So, we're also pleased to confirm that existing Nationwide mortgage members looking to switch with us, will exclusively receive:

  • Access to our best rates, currently 0.1% lower than new customer rates plus;
  • £100 cashback as a thank you for continuing to choose Nationwide

Below you'll find the latest copy of the product guide which now includes the new switcher products.

Download our latest product guide

If you have any further questions please take a look at our FAQs, alternatively please contact your BDM