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You are in: Mortgages → Rates and mortgages → Rates
Mortgages
  • Rates and mortgages
    • Special offers
    • Repayment method
    • Fixed or tracker
    • Standard and Base Mortgage Rate
    • Related services
  • First time buyers
  • Calculators and guides
  • New customers
  • Existing customers
  • Important information
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Mortgage Interest Rates and Deals

We offer a range of great mortgage deals. Why not use our mortgage finder below to see all the fixed rate, tracker rate and special deals available to you.

Your mortgage details:

£
£
£
Mortgage type: Information about fixed and tracker rates

Loan to value ratio:

100%

What is Loan to value?

The loan to value represents the amount you are looking to borrow (or the remaining amount of your existing mortgage) as a percentage of the value of the property. For example, if a property is valued at £100,000 and you have a £80,000 loan, the LTV is 80% (80,000/100,000 x 100 = 80%).

£500 discount on product fees for First Time Buyers

Helping you onto the property ladder

Buying a home can be expensive - there's more to it than just the price of your property and your monthly payments, and there can be a lot to pay upfront. We want to help, which is why we're offering First Time Buyers a discount of £500 on the product fee on selected mortgages (a non-refundable £99 upfront booking fee applies). Simply look for the reduced fee icon Reduced product fee in the table below.

Our best rates. Just for you.

We offer our best mortgage rates to our existing mortgage customers, like you. This means you pay a lower rate during the deal period than a new mortgage customer on the same product. It's just our way of saying thanks for choosing us.

See if you can save

You might be able to save money by switching your current deal or remortgaging to us. To find out, just enter the interest rate or the amount you currently pay each month and we'll show you the potential annual saving you could make during the deal period.

See if you could save money by switching to another deal with us when your current one ends. As an existing mortgage customer we offer you our best rates, so you’ll pay a lower rate during the deal period than a new mortgage customer on the same product.

To find out, just enter the interest rate or amount you currently pay each month and we'll show you the potential annual saving you could make during the deal period. What is the potential cost saving based on?

%
£

As an existing Nationwide mortgage customer, please be aware of the following:

Tracker mortgages and Flexclusive deals for our main current account customers are not available online. However you can still apply in your local branch or by phoning 08457 30 20 10.

If you choose to switch to a new deal, this will revert to our Standard Mortgage Rate (SMR) at the end of the deal period, which has different features to the BMR. Find out more

When you reach the end of a fixed or tracker deal, you will automatically move onto either our Base Mortgage Rate (BMR) or Standard Mortgage Rate (SMR), depending on when you reserved your original fixed or tracker deal.

All Nationwide mortgages reserved from April 30 2009 currently move onto our SMR at the end of the fixed or tracker period. Please note that if you switch from the BMR to a new product, it is not possible to switch back to the BMR at a later date.

Both the BMR and SMR are variable rates, which we may vary in accordance with our mortgage terms and conditions. Further details of our BMR and SMR can be found in the table below:

Standard and Base Mortgage Rates

BMR SMR
Rate currently: 2.50% 3.99%
Applies to fixed or tracker deals reserved: On or before 29 April 2009 On or after 30 April 2009
Upper limit or cap: Guaranteed not to be more than 2% above Bank of England base rate None
Flexible features: Unlimited overpayments Unlimited overpayments

Please note that all mortgages reserved on or before 3rd March 2010 include the option to apply for a payment holiday and borrow back facility. Any mortgages reserved after this date will no longer include these facilities.

If you are currently letting your property you will be unable to switch to a new mortgage deal and your mortgage deal will automatically revert to the Nationwide variable rate as stated in your mortgage offer.

Updating rates

Call our mortgage team on 0800 028 8937

(Open 8am-8pm Mon-Fri and 9am-5pm all weekend)

Our mortgage Consultants can help if you would like to:

  • Discuss how much you can borrow
  • Talk through your options
  • Apply for your mortgage
Call centre staff

Continue online

Here you can:

  • Get a Key Fact Illustration (what is this?) for any mortgage you're interested in.
  • Go on to get a Decision in Principle (what is this?)
  • Submit a full mortgage application online. If you get stuck, just call us.

Need to check how much you can borrow first?

Continue online

Visit us in-branch

If you would like advice about our mortgage or want to apply in person, simply book an appointment at your local branch.

Find your local branch

Next steps

Choose mortgage and get a Decision in Principle
To get a Decision in Principle (what's this decision in principle?), first compare the overall cost of any mortgages you’re interested in by getting a full Key Facts Illustration (KFI). Once you have chosen your mortgage, you can then go on to get an instant, no obligation, Decision in Principle (DIP).

Ready to apply?

Apply online:

To apply online, you will need to choose the mortgage you want to apply for and get a personalised Key Facts Illustration (KFI). You can then go on to:

  • get an instant, no obligation, Decision in Principle (what's this decision in principle?)
  • submit a full mortgage application online

To begin the application process:

Choose your mortgage and get a Decision in Principle

OR

Call or visit us:

  • Call us on 0800 111 44 10 (Mon - Fri: 8am-8pm, Sat & Sun: 9am-5pm)
  • If you would like advice, book an appointment at your local branch

Next steps

How much can you borrow?
To apply for additional borrowing, call us on 0800 111 44 10 (Mon - Fri: 8am-8pm, Sat & Sun: 9am-5pm) or visit your local branch

There are 3 ways to switch your mortgage deal:

Switch online now

Why not do it now from the comfort of your own home? Our online application process is safe and secure and you can switch in a matter of minutes.

Find out how to apply online

Other ways to apply

Switch by phone

08457 30 20 10

Mon to Fri: 8.00 am - 8.00 pm
Sat & Sun: 9.00 am - 5.00 pm

Switch in Branch

If you would like to receive advice from us, you will need to apply in Branch where our mortgage adviser can assess your situation and recommend a mortgage appropriate to your needs and circumstances.

Find your nearest branch

There are 3 ways to switch your mortgage deal:

Switch online now

Why not do it now from the comfort of your own home? Our online application process is safe and secure and you can switch in a matter of minutes.

Find out how to apply online

Other ways to apply

Switch by phone

08457 30 20 10

Mon to Fri: 8.00 am - 8.00 pm
Sat & Sun: 9.00 am - 5.00 pm

Switch in Branch

If you would like to receive advice from us, you will need to apply in Branch where our mortgage adviser can assess your situation and recommend a mortgage appropriate to your needs and circumstances.

Find your nearest branch

Mortgage features key

  • Early Repayment Charge applies for overpayments above £500 per month or if you exit your deal early Early Repayment Charge
  • No Early Repayment Charge, allowing unlimited overpayments and penalty free switching No Early Repayment Charge
  • Free standard legal fees or £250 cashback Free Standard Legal Fees or £250 cashback 4
  • Free standard valuation on your property Free Standard valuation
  • Includes cashback reward Cashback
  • Available with a low deposit: loans above 85% LTV Low deposit
  • Reduced product fee Reduced product fee
  • We offer our best rates to existing Nationwide mortgage customers Our best rates

Potential annual cost savings and monthly payment

The potential annual cost savings and monthly payment shown above are for illustration purposes only. They are based on the initial rate during the deal period and on a capital and interest repayment method. They do not take into account any fees or charges payable for changing your mortgage, or the applicable interest rate when your mortgage deal ends.
Back to see if you can save
Back to rates table

Monthly payment

The monthly payments shown above are for illustration purposes only. They are based on the initial rate during the deal period and on a capital and interest repayment method. They do not take into account any fees or charges payable for changing your mortgage, or the applicable interest rate when your mortgage deal ends.
Back to rates table

Important information about choosing a mortgage

Please note that the table does not contain all of the details you need to choose a mortgage. Before you make a decision, make sure you obtain a separate Key Facts Illustration (KFI). You can do this online (with the exception of existing customers switching mid deal or borrowing more) by selecting 'get a quote'/'switch online' above, calling us on the number at the bottom of the table or visiting your local branch.

When looking at mortgage options, remember there is more to a mortgage than the cost of monthly payments. You should also consider any mortgage features that are important to you and check whether any charges will apply if you decide to switch to a different mortgage.

Notes:

1 Please note we do not currently offer new mortgages on an interest only or part and part basis.

1 Please note we do not currently offer new mortgages on an interest only or part and part basis. Existing customers can continue on their current interest only or part and part repayment method when they move home (port it to a new property) without any additional borrowing or switch products without any additional borrowing. Any additional borrowing will need to be on a capital repayment basis.

Please note that if you are currently letting your property you will be unable to switch to a new mortgage deal and your mortgage will automatically revert to the Nationwide variable rate as stated in your mortgage offer.

Please note that if you are currently letting your property you will be unable to apply for additional borrowing.

Additional borrowing is only available a minimum of 6 months after completion of the main mortgage loan.

2 All mortgages require a non-refundable booking fee to be paid upfront upon reservation, with the exception of mortgages for existing customers switching deals. For details of the booking fee, expand the table above by selecting 'more info'. A product fee may be payable depending on the product selected. If you choose the no product fee option you will pay a higher rate of interest over the deal period compared to the product fee option. If you choose the option with a product 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.

3 The tracker floor is 0.00%. This means that if the Bank of England Base Rate is 0.00% or less during the tracker period, the rate you pay will be 0.00% plus the agreed set percentage above the Bank of England Base Rate. This means that the rate you pay will never go below 0.00% plus the additional percentage rate of your tracker mortgage.

Our tracker rates assume a Bank of England Base Rate of 0.50% and have a tracker floor of 0.00%. Correct as at 1 December 2009.

4 Free standard legal fees cover the conveyancer's professional charges relating to the house purchase or remortgage. A £250 cashback alternative is also available.

There is £25,000 minimum borrowing limit on all mortgages.

There is a £5,000 minimum borrowing limit on all mortgages with no product fee, and a £25,000 minimum borrowing limit on all mortgages with a product fee.

There is a £5,000 minimum borrowing limit on all mortgages.

Our mortgage products can change or be withdrawn at any time. To ensure you get a particular rate we must accept your application and you must pay the non-refundable upfront booking fee (if applicable) and any product fee for the product.

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

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Compare mortgage rates

Our mortgage rates are currently being updated and will be available to view here as soon as possible. In the meantime, you can view or download a PDF copy of our current mortgage rates.

Download current mortgage rates

Get a quote online

  • If you are buying a home or remortgaging to us from another lender, you can get a quote for mortgage products available to you
  • If you are an existing customer looking who has reached the end of your deal and are looking to switch to a new mortgage, you can see the mortgage products available to you and switch online

Contact us

Contact us on
0800 028 8937
Mon to Fri: 8am-8pm
Sat & Sun: 9am-5pm

Or visit your nearest branch

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© Nationwide Building Society
Nationwide Building Society is authorised and regulated by the Financial Services Authority under registration number 106078.
Credit facilities other than regulated mortgages are not regulated by the Financial Services Authority.
You can confirm our registration on the FSA's website, www.fsa.gov.uk or by contacting the FSA on 0845 606 1234.