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 rate deals are mortgages where your interest could (and likely will) change according to the ups and downs of the market.

  Tracker mortgage rates:

  • Your interest follows fluctuations in the Bank of England's (BOE) base rate
  • Your mortgage rates will be set at an agreed additional percentage over the BOE base rate
  • With our tracker rates, you can switch to a fixed mortgage rate deal at any time - without paying an Early Repayment Charge, only paying any reservation fee for the new fixed rate mortgage
• What is the BMR?

  Base Mortgage Rate (BMR):

  • Fully flexible - you can make overpayments or underpayments with no extra penalties or charges (subject to conditions).

  

  The BMR is currently only available to existing Nationwide mortgage customers reaching the end of their deal period.