Remortgage interest rates

To keep things simple we have two main types of mortgage interest rates for you to choose from - fixed and variable. If you're not sure which type would suit you best, you can find out more below, but if you already know which deal you want - you can apply online now.

Please note that our mortgage products can change or be withdrawn at any time, and rates are only guaranteed at the time of application

• What is a fixed rate mortgage?

  What are fixed mortgage interest rates?
  With a fixed rate deal, the mortgage interest rates that you're charged are fixed for an agreed period, therefore the amount you pay stays the same for the agreed period.

  

  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.