Important details
Because we don't hide our fees and charges, it's easier for you to budget.
You can download a full list of our day to day charges for mortgages here - PDF (92KB)
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You have the option to take some of our fixed and tracker mortgages with or without a non-refundable reservation fee. All our fixed and tracker mortgages are limited offers and may be withdrawn without notice.
The current reservation fees are shown in the tables below.
Fixed rate mortgages
Product Reservation Fee 2 Year - No Fee
£0
2 Year - Option A
£599
2 Year - Option B
£995
3 Year
£995
5 Year - Option A
£995
5 Year - Option B
£1,999
Tracker rate mortgages
Product Reservation Fee 2 Year
£995
A reservation fee may be payable depending on the product selected. Some fixed rate products are available with or without a non-refundable reservation fee. If you choose the no reservation fee option you will pay a higher rate of interest over the deal period compared to the reservation fee option. If you choose the option with a reservation fee you can pay this when you apply or you can add it to your loan. If you add this fee to your loan you will be charged interest on it during the term of the loan.
If you are taking out a number of products on the same property where reservation fees apply, e.g. a fixed rate mortgage and a further advance, then only one reservation fee is payable provided the products are taken out simultaneously. If the products with reservation fees are not taken out simultaneously, then the individual reservation fees apply to each product.
There is no reservation fee payable on our fully flexible mortgage - the Base Mortgage Rate.
The BMR is currently only available to existing Nationwide mortgage customers reaching the end of their deal period.
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Any charges applied will be added to your mortgage account and interest will be charged on them.
Arrears fees Monthly arrears £20 per month, per account Arrears visit £95 Auction entry £50 Debt recovery fee £55 Default notice (if applicable) £10 per customer, per account Cancelled eviction £50 Taking possession £250 Referral to solicitor £70 Property valuation costs £144 Unpaid items fees Unpaid cheque £27.50 Unpaid Direct-Debit £27.50 Unpaid ground rent £30 If you run into difficulties with your mortgage repayments it is important to contact us on 0800 30 20 10 straight away so we can help to resolve any financial problems that you might be facing. The sooner we understand your situation, the sooner we can help.
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If you repay the loan or make an overpayment of more than £500 per month within the initial fixed term, an early repayment charge will be payable on the entire overpayment amount. The percentage charge payable is detailed in the table below.
Deal Term Percentage Payable 2 years Fixed 2.0% 2 years Tracker 2.5% 3 years Fixed 4.0% 5 years Fixed 5.0% -
If you enter into a new mortgage with Nationwide and subsequently repay your mortgage more than ten years before the natural term, you will pay a charge (currently £90) unless you are taking a new Nationwide mortgage at the same time.
Read Nationwide's policy on redemption charges (MEAFs) for redeemed customers for further information.