Mortgages for existing customers

As an existing Nationwide borrower, you can choose from any of our great value mortgage interest rate deals. At Nationwide we believe in treating our customers fairly - that's why we'll explain the benefits of each mortgage interest rate type, and any fees and charges involved. You can find out more about your repayment and mortgage interest rate options by clicking on the tabs above.

• What are fixed mortgage rates?

  With fixed mortgage rates you pay the same interest rate for an agreed amount of time.

  

  Because fixed mortgage interest rates mean that your monthly repayments will stay the same for an agreed length of time, they offer you the added security of knowing how much will come out of your account each month. If you're on a strict budget, or prefer to know what your outgoings are, you may want to consider fixed mortgage interest rates.

• What is a variable rate mortgage?

  Variable mortgage interest rates are deals where the interest you are charged can go up or down depending on market conditions. This means that if rates fall, your payments could go down. However, if interest rates rise - then so do your repayments.

  If you're happy to take the risk, then it could be the right deal for you.

  We have two types of variable rate mortgages:

  Our tracker mortgage interest rates are a form of variable rate that follow fluctuations in the Bank of England's base rate. They change as that rate changes, by an agreed additional percentage.

  Our Base Mortgage Rate (BMR) is a fully flexible mortgage product where we set the mortgage interest rates. The BMR is currently only available to existing Nationwide mortgage customers reaching the end of their deal period.