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You are in: Mortgages → Important information → Mortgage offer conditions
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Mortgage offer conditions

Mortgage offers for main FlexAccount 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

To qualify for the Flexclusive mortgage offers, you have to hold a FlexAccount with a Visa debit card (not cash card+) and

  • pay in £750 or more each month (excluding internal transfers), OR
  • agree to complete an Account Transfer from an account (non Nationwide) using our Account Transfer Service or have done so in the past 4 months.

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Our mortgage products can change or be withdrawn at any time.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.

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 This offer may be changed or withdrawn in future.

Only available in branch, by phone or online at nationwide.co.uk

If your mortgage is in joint names, your cheque will made payable to the first two named borrowers. However, if you require it to be re-issued in a single name, please contact us at the address below. We will require the written and signed authority of all named borrowers before we can re-issue the cheque in this way.

Kings Park Road,
Moulton Park
Northampton
NN3 6NW

Existing customers switching to a new mortgage at the end of your deal:

The additional £100 cashback only applies to eligible existing mortgage customers who are within 3 months of the end of their deal, on Nationwide’s Base Mortgage Rate (BMR) or Standard Mortgage Rate (SMR) and complete their switch to a new Nationwide mortgage online using Nationwide’s Online Mortgage Switcher (OMS) service. This offer is available on products reserved on or after the 10th March 2011 and is payable per application within one month of completion of the new mortgage. Only available online at nationwide.co.uk/switcher.

To be eligible to use our Online Mortgage Switcher and complete your switch online, you must meet the following criteria:

  • Your Nationwide mortgage deal is ending in the next 3 months, or you are currently on either our Base Mortgage Rate (BMR) or Standard Mortgage Rate (SMR)
  • You only have one mortgage account, which is not shared ownership or equity share
  • Your mortgage is paid by Direct Debit and is not in arrears
  • Your property is not being let out

Please note that if you want advice, want to borrow more or change your term/repayment method at the same time as switching your deal, you cannot switch online.

Free standard legal fees

Remortgaging:

Moving your mortgage to Nationwide also results in legal costs. Nationwide will normally pay for these. However there are some items that we don't pay for. These include mining or any other unusual search fees, fees for first registration of the title HM Land Registry, dealing with a change of name on the title deeds or a transfer of equity and any additional legal work needed to put your title deeds in order, etc. For leasehold cases, any fees you must pay to the freeholder or management company and any fee for carrying out a company search or obtaining company documentation in respect of the management company are not included. The solicitor we choose will be acting for Nationwide, so if you decide not to use the solicitor selected by us and/or take independent legal advice, this will not be covered under our 'free legal fees' scheme.

Buying a home:

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. Due to Northern Irish law, Nationwide is unable to offer free legal fees in Northern Ireland.

Free standard valuation fees

Remortgaging:

If you are remortgaging your existing property, we will still undertake a valuation for our purposes. We do not normally charge for this in standard cases. Occasionally there are exceptional circumstances where a charge may be necessary.

Buying a home:

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 undertake your own independent valuation.

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.

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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.