Legal information: Offer terms & conditions
Mortgage for Flex Account customers
Mortgage offer conditions
- This is a limited offer open from 11/06/2010.
- In order to qualify as a main FlexAccount customer you must meet the main FlexAccount eligibility requirements below.
- Mortgages are subject to underwriting and criteria. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.
- Borrowing limits apply – please ask for details.
- We may withdraw this offer at any time.
Main FlexAccount eligibility requirements
- If you are an existing FlexAccount customer you must have a Nationwide Visa debit card (excluding cash card+) and:
- have deposited £750 or more per month into your FlexAccount (excluding internal transfers from other Nationwide accounts) for the last 3 months*; or
- transfer all your Direct Debits, standing orders and bill payments from an account with another bank or building society to your FlexAccount by using our Account Transfer Service and choosing 'Transfer all my payments'.
- If you do not currently have a FlexAccount you must open one and be offered a Visa debit card (excluding cash card+). You must also ask us to transfer your existing current account (see condition 1b above).
- These offers are not available if you have, or are offered a Cash Card Account or a FlexAccount with only a chequebook and cash card or cheque guarantee card.
- If you ask us to delay the start of your account transfer you will not qualify for these offers.
- If you withdraw your request to carry out an account transfer or if we cannot process your account transfer you will not be eligible for these offers.
- You must use our Account Transfer Service to transfer your account. If you transfer your Direct Debits, standing orders or bill payments yourself or you do not have any Direct Debits, standing orders or bill payments to transfer to your FlexAccount, you will not qualify for these offers.
- You can transfer an existing joint account only in the same names as the original account (If you have a different name on either account, you will need to update the name on your existing account to the same as your Nationwide FlexAccount, otherwise your transfer will be delayed). You can also transfer an existing sole account to a FlexAccount in joint names. In each case we will need the consent of all holders of the joint account. However, you cannot transfer from an existing joint account into a sole named account.
* The requirement for deposits in the last 3 months does not apply to the mortgage offer. If you have opened a FlexAccount Visa debit card in the last 3 months with a mandated deposit per month of £750 or more (excluding internal transfers from other Nationwide accounts) you may be eligible.
Product fees
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. Some mortgages are available with a reduced product fee, as indicated in the rates tables.
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.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 any product fee for the product.
A £25,000 minimum borrowing limit applies to all 2 year no product fee products
Cashback
£300 cashback, indicated with an 
icon, applies to existing mortgage customers who take another Nationwide mortgage when either moving home or switching at the end of their deal. This offer is available on products reserved on or after the 11 June 2010 and is payable per application within one month of completion of the new mortgage. This offer may be changed or withdrawn in future.
Mortgage Payment Protection Insurance
The Protector Mortgage, exclusive to main FlexAccount customers, indicated with an 
icon, includes free Mortgage Payment Protection Insurance (MPPI). This will provide Accident, Sickness and Unemployment cover during the 2 year mortgage product benefit period subject to your remaining eligible for the plan.
In the event of a claim it will cover your monthly mortgage payment as shown on your original mortgage offer relating to this mortgage product, for a maximum period of 12 months. The MPPI will end when your 2 Year Fixed Rate Mortgage Product ends or when you no longer meet the eligibility criteria. If you are in the middle of a claim, your claim will end when the maximum monthly benefit period is paid or you redeem your mortgage. All claims will be subject to eligibility criteria. MPPI is provided on behalf of Nationwide by Aviva Insurance Limited.
Read our policy summary or policy document.
Free legal fees
On products indicated with an 
icon, Nationwide will pay the basic fee for the legal work involved in a standard property purchase and any additional legal fee if the property is leasehold or commonhold. The offer of free legal fees does not include any payment for the costs that the conveyancer must pay to a third party such as local authority or other search fees, Stamp Duty or registration fees payable to the Land Registry. The offer also does not include the charge, plus VAT, payable to the conveyancer to deal with the settlement of any Stamp Duty and the submission of the Stamp Duty Land Tax form. These costs will have to be paid by you.
Free valuation fees
On products indicated with an 
icon, Nationwide will pay the basic fee for the Mortgage Valuation Report required to determine the amount of advance it is prudent to make on the proposed security. The valuation does not include any payment for a more detailed Homebuyers Report or additional specialist report. You should not rely on the Mortgage Valuation Report to mention every defect in the property and you are strongly advised to undertaken your own independent valuation.
More about Nationwide's valuation fees
Availability
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 and any product fee for the product.