Quote & apply

First time buyer fixed rate mortgages

  • Your interest rate is fixed for a period of time.
  • At the end of the fixed rate period you move to our variable Base Mortgage Rate (BMR) for the remainder of your mortgage term.
  • No extended tie-in after the fixed rate period.

Minimum deposit of 40%

Quote & apply
2 Year Fixed+
Initial rate Followed by the BMR, currently The overall cost for comparison is Reservation fee*
5.38% 4.69% 5.0% APR+ None+
4.98% 4.69% 5.0% APR £599
4.88% 4.69% 5.0% APR £995
Quote & apply
3 Year Fixed
5.48% 4.69% 5.2% APR £299
Quote & apply
5 Year Fixed
5.78% 4.69% 5.6% APR £995
5.68% 4.69% 5.6% APR £1,999

Minimum deposit of 25%

Quote & apply
2 Year Fixed+
Initial rate Followed by the BMR, currently The overall cost for comparison is Reservation fee*
5.78% 4.69% 5.1% APR None+
5.38% 4.69% 5.1% APR £599
5.28% 4.69% 5.1% APR £995
Quote & apply
3 Year Fixed
5.88% 4.69% 5.3% APR £299
Quote & apply
5 Year Fixed
5.98% 4.69% 5.7% APR £995
5.88% 4.69% 5.7% APR £1,999

Minimum deposit of 15%

Quote & apply
2 Year Fixed+
Initial rate Followed by the BMR, currently The overall cost for comparison is Reservation fee*
6.68% 4.69% 5.4% APR+ None+
6.28% 4.69% 5.3% APR £599
6.18% 4.69% 5.3% APR £995
Quote & apply
3 Year Fixed
6.68% 4.69% 5.6% APR £299
Quote & apply
5 Year Fixed
6.68% 4.69% 6.1% APR £995
6.58% 4.69% 6.1% APR £1,999

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

* A reservation fee may be payable depending on the product selected. 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.

+ A £25,000 minimum borrowing limit applies to all 2 year no fee products.

Early Repayment Charges apply. See fees and charges for more details.

Borrowing limits apply. Please ask for details.

FAQs

  • What are fixed rate mortgages?

    Fixed rate mortgages are deals where your interest rate is set for an agreed period. Even if the Bank of England's base rate changes during this time, your interest rate will remain the same.

    Fixed rate mortgages can help you keep control of your finances. You know what will be coming out of your account each month, as opposed to variable rate mortgages where the amount can change.

  • Is a fixed rate mortgage right for you?

    Fixed rate mortgages make it easier to control your monthly outgoings. For example, if you're on a tight budget, particularly after purchasing your first property, a fixed rate can help you work out exactly what you spend each month.

    However, some prefer to take the chance that interest rates may fall, as well as rise. If you're happy with the risk, then a variable rate mortgage may be a better option for you.

    You many also want to use our affordability calculator to help you how much we could possibly lend you, or use our quick quote to find out how much the repayments on your chosen mortgage would be a month so that you don't overstretch yourself with your mortgage borrowing.

Next steps: Flexible Features or Quote & apply