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Switch to a new mortgage deal
Get the best rates on your next Nationwide mortgage
If you'd like to switch your current Nationwide mortgage to a different one, it's easy. Just make sure you're eligible and that you've read through the important things to consider below.
You can switch your Nationwide mortgage if:
*if the balance of any of your mortgage accounts is less than £1,000, but the total balance of all accounts is more than £1,000, please give us a call before you switch any of your accounts on 0800 30 20 10 - you may still be able to switch.
An Early Repayment Charge (ERC) may apply if you switch your mortgage during your deal period.
If you're within 3 months of your deal ending, or on our Base or Standard Mortgage Rates, or you're on a tracker mortgage with a 'switch and fix' option, you won't need to pay an ERC.
Not sure if an ERC applies to you? Check your mortgage offer or give us a call on 0800 30 20 10.
Your new mortgage may come with a product fee and it may also have different features than your current mortgage.
As of 4 March 2010, our mortgages no longer include payment holiday or borrow back options.
You can see all mortgage deal features and fees by searching our mortgage rates.
Changing to and from BMR and SMR rates
The SMR and BMR are variable rates, which we may vary in accordance with our mortgage terms and conditions. Our BMR is guaranteed to be no more than 2% above the Bank of England Base Rate. The SMR has no upper limit or cap.
When you pay more than your monthly payment we do three things:
When you switch, we include your current balance and the overpayment reserve when working out your loan to value (LTV). The rates available to you will depend on your LTV band – the higher your LTV band, the higher the rate you’ll pay. Your overpayment reserve increases your LTV, but may not mean you move to a higher LTV band. When you switch to a new deal, you’ve got two options with your overpayment reserve:
This means you won’t be able to underpay on the overpayment reserve you’ve removed after your switch, but your LTV will be lower and may mean you pay a lower rate if you move to a lower LTV band.
This means you’ll be able to use your overpayment reserve to underpay after your switch, but your LTV will be higher and may mean you’ll pay a higher rate if you are in a higher LTV band.
If you’d like to find out more about how your overpayment reserve could impact your mortgage, please call us on 0800 30 20 11.
If you'd like advice on which mortgage to switch to, you can apply by phone or in branch. If you're comfortable choosing a mortgage without receiving advice, you can switch online.
If you’re happy to choose your own deal you can switch online. Just so you know, when you decide to switch online you’ll need to make your own choice about which mortgage meets your needs. The Financial Conduct Authority have rules about how we make sure we recommend a suitable product for you, choosing your own deal means you don’t benefit from these rules and you may choose a product less appropriate to your needs.
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When you switch by phone, we'll advise you on the best new mortgage deal for your situation. Call the number below to arrange a telephone appointment with one of our Mortgage Consultants.
Mon - Fri: 8am - 8pm, Sat: 9am - 5pm (closed Sundays and Bank Holidays)
Call us on 0800 171 23 71
When you apply in a Nationwide branch, one of our Mortgage Consultants will advise you on the best new mortgage deal for your situation.
You’ll need to make an appointment in advance by giving us a call, or popping in to your nearest branch. Your appointment will last around 2 hours, and if you’re making a joint application, both applicants will need to be present.
Find your nearest branch
Mortgages are secured on your home. You could lose your home if you do not keep up payments on your mortgage.
Mortgages are subject to underwriting and criteria. Minimum age 18, UK residents only.
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