Fees and charges for existing mortgage customers
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)
Upfront Charges
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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 All our fixed and tracker mortgages are limited offers and may be withdrawn without notice.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 table below.
Fixed rate mortgages
Product Reservation Fee 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 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 on a fixed rate, 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.
The BMR is currently only available to existing Nationwide mortgage customers reaching the end of their deal period.
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If you or your conveyancer request money to be sent by telegraphic transfer when your mortgage completes, we charge a £20 fee. We may add this fee to your mortgage account.
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When you apply for a mortgage we may ask you to pay a valuation fee to cover the cost of valuing your property. The valuation fee is payable prior to valuation and is non-refundable if the valuation is carried out. The valuation is very basic and is carried out for our benefit. We strongly recommend that you have a more thorough survey undertaken, such as a homebuyers report. This will tell you about the quality and condition of the house you want to buy. There is an additional fee for this service, which can be arranged through Nationwide. The table below shows the cost of arranging a valuation or homebuyer report.
Property price Mortgage valuation fee Homebuyer report fee
(inc valuation fee)Up to £50,000 £240 £380 Up to £100,000 £275 £450 Up to £150,000 £300 £500 Up to £200,000 £340 £560 Up to £250,000 £385 £635 Up to £300,000 £445 £670 Up to £350,000 £470 £735 Up to £400,000 £470 £790 Up to £450,000 £545 £845 Up to £500,000 £545 £890 Up to £600,000 £580 £945 Up to £700,000 £650 £985 Up to £750,000 £715 £985 Up to £800,000 £715 £1,030 Up to £900,000 £780 £1,080 Up to £1,000,000 £840 £1,170 Up to £1,500,000 £955 By arrangement Up to £2,000,000 £1,135 By arrangement Up to £2,500,000 £1,320 By arrangement Up to £3,000,000 £1,535 By arrangement Over £3,000,000 By arrangement By arrangement The valuation fees above include a Nationwide administration charge of £80.
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When you purchase a property and apply for your mortgage you'll need a solicitor or licensed conveyancer to handle the legal work involved. In most cases, we will also instruct the same solicitor to act for Nationwide. In addition to paying your own legal fees, you will also be liable for our legal costs which will be detailed separately on the invoice from your solicitor.
In addition to the legal fees above, your solicitor will have to be reimbursed by you for various charges incurred on your behalf, such as fees for searches and Land Registry registration fees. These charges are referred to as disbursements.
Other possible charges
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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 or tracker 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 Mortgage Exit Administration Fees (MEAFs) for redeemed customers for further information.
What we don't charge
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Some lenders impose a Higher Lending Charge if you only have a small amount of equity. At Nationwide, we don't!