For a full list of our possible mortgage charges and a description of when these apply, download our . You will find a summary of these below.
If you would like to see what fees and charges may apply during your mortgage term as a particular borrower type or to a specific situation, please select from the following drop down menu.
Arrears Fees
Any charges applied will be added to your mortgage account and interest will be charged on them.
Fees
| Arrears fees |
| Monthly arrears |
£20 per month, per account (if no agreement is made and maintained to repay the outstanding balance). |
| Arrears visit |
£100 |
| Auction entry |
£60 |
| Default notice (if applicable) |
£13 per customer, per account |
| Cancelled eviction |
£64 |
| Possession fee |
£500 |
| Referral to solicitor |
£81 |
| Property valuation costs |
£80 |
If you run into difficulties with your mortgage repayments it is important to contact us straight away so we can help to resolve any financial problems that you might be facing. The sooner we understand your situation, the sooner we can help.
Booking fee
All mortgages require a non-refundable booking fee to be paid upfront upon reservation, with the exception of mortgages for existing customers switching deals. Please see our mortgage rates for further detailed information around our booking fees.
Change to mortgage term or repayment method
If you want to change your mortgage term or repayment method, the following fees will apply and will be added to your mortgage account if your request is approved.
Charges
| Change to mortgage: |
| Change to repayment method |
£50 |
| Change to term |
£20 |
Important information about changing your repayment method
If you wish to:
- change your repayment method from repayment (capital and interest) to full or part interest only, or:
- increase any interest only element
your total loan cannot exceed 66% of the property value, you must be the sole owner(s) and there must be at least £150,000 equity in the property the mortgage is secured against
Early repayment charges (ERCs) for fixed and tracker rate mortgages
If you repay the loan or make an overpayment of more than £500 in a month within your deal period (i.e. the initial fixed or tracker term), an early repayment charge will be payable on the entire overpayment amount (you can overpay by up to £500 in a month without incurring any ERCs).
You will also incur an Early Repayment Charge if you redeem your mortgage during your deal period.
Existing Customers
Our ERCs have changed over time, so for information about the ERCs that apply to your existing mortgage please refer to your mortgage offer.
New Customers
The ERC payable depends on the type of mortgage you have and is detailed in the table below.
Please note: some of our mortgages have no ERCs and allow unlimited overpayments. These are indicated in the rates tables with a 
icon.
Early Repayment Charges
| Deal Term |
Percentage Payable |
| 2 year Fixed |
3.0% |
| 2 year Tracker |
2.5% |
| 3 year Fixed |
4.0% |
| 3 year Tracker |
3.0% |
| 5 year Fixed |
5.0% |
| 5 year Tracker (No ERC) |
0.0% |
Higher Lending Charge
Some lenders impose a Higher Lending Charge if you only have a small deposit. At Nationwide, we don't!
Legal costs for home movers
When you purchase a property and apply for your mortgage you'll need a solicitor or licensed conveyancer to handle the legal work involved. In most cases, we will also instruct the same solicitor to act for Nationwide. In addition to paying your own legal fees, you will also be liable for our legal costs which will be detailed separately on the invoice from your solicitor.
In addition to the legal fees above, your solicitor will have to be reimbursed by you for various charges incurred on your behalf, such as fees for searches and Land Registry registration fees. These charges are referred to as disbursements.
Information about Nationwide’s Homebuyer Legal Service.
Legal costs for remortgagers
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.
Letting fee and additional interest rate
If you already have a mortgage with us and want to start renting out your property, you will need to fill out a .
If you are granted permission to let, you will be charged a fee of £50 and an additional 1.5% will be added to your mortgage accounts. Find out more about the letting application fee and additional interest rate.
If we discover you are letting your property without permission you will also be charged a fee, dependent upon your individual circumstances.
Product Fee
For mortgages reserved on or before 3rd March 2010, this was known as a reservation fee.
You have the option to take some of our fixed mortgages with or without a product fee. All our fixed and tracker mortgages are limited offers and may be withdrawn without notice.
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.
A £25,000 minimum borrowing limit applies to all 2 year no product fee products.
If you are taking out a number of products on the same property where product fees apply, e.g. a fixed rate mortgage and a further advance, then only one product fee is payable provided the products are taken out simultaneously. If the products with product fees are not taken out simultaneously, then the individual product fees apply to each product.
The SMR is currently only available to existing Nationwide mortgage customers reaching the end of their deal period.
There is no product fee payable on our fully flexible mortgage - the Standard Mortgage Rate (SMR).
Redemption Charge
If you enter into a new mortgage with Nationwide and subsequently repay your mortgage more than ten years before the natural term, you will pay a charge (currently £90) unless you are taking a new Nationwide mortgage at the same time.
Read Nationwide's policy on Mortgage Exit Administration Fees (MEAFs) for redeemed customers for further information.
Release of part of the property/land
If you want to release part of the property/land currently mortgaged to Nationwide, we charge a non-refundable fee of £75.
Reservation Fee
See Product Fee
Statement Projection
If you want to request details of how an account would vary if the payment or term were changed, or if you need a projected balance, we charge a fee of £20. This fee is charged for each account that the projection is based upon, for example if you request a projected balance on 3 accounts a fee of £60 will apply (£20 for each account).
Telegraphic Transfer fee
If you or your conveyancer request money to be sent by telegraphic transfer when your mortgage completes, we charge a fee of £25.
Unpaid items fees
Any charges applied will be added to your mortgage account and interest will be charged on them.
Charges
| Unpaid items fees |
| Unpaid cheque |
£0 |
| Unpaid Direct-Debit |
£0 |
| Unpaid ground rent |
£30 |
Valuation fee
When you apply for a mortgage we may ask you to pay a valuation fee to cover the cost of valuing your property. The valuation fee is payable prior to valuation and is non-refundable if the valuation is carried out. The valuation is very basic and is carried out for our benefit. We strongly recommend that you have a more thorough survey undertaken, such as a homebuyers report. This will tell you about the quality and condition of the house you want to buy. There is an additional fee for this service, which can be arranged through Nationwide. The table below shows the cost of arranging a valuation or homebuyer report.
Fees effective from 21st April 2011
| Purchase Price |
Mortgage valuation fees |
Homebuyer report fee (inc. mortgage valuation fee) |
| Up to £50,000 |
£180 |
£320 |
| Up to £100,000 |
£210 |
£375 |
| Up to £150,000 |
£225 |
£415 |
| Up to £200,000 |
£255 |
£470 |
| Up to £250,000 |
£290 |
£525 |
| Up to £300,000 |
£340 |
£590 |
| Up to £350,000 |
£360 |
£645 |
| Up to £400,000 |
£390 |
£700 |
| Up to £450,000 |
£420 |
£745 |
| Up to £500,000 |
£450 |
£785 |
| Up to £600,000 |
£505 |
£840 |
| Up to £700,000 |
£570 |
£870 |
| Up to £750,000 |
£625 |
£915 |
| Up to £800,000 |
£625 |
£915 |
| Up to £900,000 |
£680 |
£965 |
| Up to £1,000,000 |
£735 |
£1,040 |
| Up to £1,500,000 |
£835 |
£1,445 |
| Up to £2,000,000 |
£990 |
£1,845 |
| Up to £2,500,000 |
£1,150 |
£2,250 |
| Up to £3,000,000 |
£1,335 |
£2,650 |
| Up to £3,500,000 |
£1,570 |
£3,050 |
| Up to £4,000,000 |
£1,800 |
£3,455 |
| Up to £4,500,000 |
£2,030 |
£3,855 |
| Up to £5,000,000 |
£2,265 |
£4,255 |
| Up to £6,000,000 |
£2,360 |
£4,655 |
| Up to £7,000,000 |
£2,820 |
£5,800 |
| Up to £8,000,000 |
£3,365 |
£7,230 |
| Up to £9,000,000 |
£4,020 |
£9,015 |
| Up to £10,000,000 |
£4,810 |
£11,250 |
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.
For a full list of our possible mortgage charges and a description of when these apply, download our .