Terms and Conditions for mortgage offers

Detailed below are the terms and conditions applicable for our current range of mortgage offers and deals.

Existing mortgage customers switching online to a new mortgage at the end of your deal
See condition 4 only

Free standard valuation fees
See condition 3.

Save to Buy mortgage
See condition 5 only

Flexclusive mortgages
If you have your main current account with us, you might be able to benefit from our £250 Flexclusive cashback* offer on all mortgages.
See conditions 1, 2 and 3. 
If you are a First Time Buyer and you hold a Save to Buy savings account and are applying for the Save to Buy mortgage in conjunction with the Flexclusive cashback offer, see condition 5 also.

Green Additional Borrowing
See conditions 2 and 6

Expand the relevant sections below to see the full details.

Already have a current account?

To get access to our range of Flexclusive offers you must either:

  1. Hold a FlexOne account and be aged 18 or over, or hold a FlexAccount and:
    1. have been paying in £750+ a month for the last 3 months (excluding transfers from any Nationwide account held by you or anyone else);
    2. completed an account switch to us (from a non-Nationwide account) using our Current Account Switch Team in the last 4 months; or 
  2. Hold a FlexStudent account and have paid in £1,500 in at least 2 transactions in the last 12 months; or
  3. Hold a FlexDirect or FlexPlus account

£250 Flexclusive Cashback Eligibility

  • Only one £250 cashback will be paid per mortgage and is payable to you within one month of completion of the mortgage
  • This cashback will be in addition to any Save to Buy, First Time Buyer or Remortgage cashback rewards
  • The cashback only applies to customers whose product was reserved on or after 11 November 2015

Prior to applying for a Flexclusive Mortgage please ensure you are aware of the current account (PDF)

  • 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.

As of 11 November 2015, Nationwide doesn't charge any fees for a Standard Valuation. As this is a basic service, you may want to consider a more thorough survey, such as a HomeBuyer Report (fees listed below). A HomeBuyer Report tells you about the quality and condition of the house you want to buy. A full structural survey provides a thorough inspection of the property - this can be arranged through Nationwide, with fees determined on a case by case basis. To find out more about full structural surveys please ring us on 01202 56 06 37.

To be eligible to use our online mortgage application 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 have no more than 4 mortgage accounts that you wish to switch
  • Your mortgage is not in arrears
  • Your property is not being let out

Tracker products (including Flexclusives) are available online for customer switching up to 80% LTV. If your mortgage is above 80% LTV and if you are on the Standard Mortgage Rate (SMR) or due to revert onto the SMR, you can still apply for a tracker in your local branch.

Save to Buy mortgages are not available for new build properties. A Save to Buy mortgage can be applied for in branch or over the phone.

Save to Buy Mortgage

1. To apply for the Save to Buy mortgage you must meet the following requirements:

  1. Hold either of the below, as a minimum:
    • A Save to Buy ISA and/or Save to Buy Savings Account (and you must be in at least the third month of holding a Save to Buy ISA and/or Save to Buy Savings Account). 
    •  Help to Buy: ISA (you must be in at least the third month of holding a Help to Buy: ISA with Nationwide Building Society).
  2. Nationwide’s mortgage underwriting criteria applying at the date of the application for the Save to Buy mortgage, which will include, but isn't limited to, an assessment of your ability to repay the mortgage, a satisfactory valuation  of the property you wish to purchase and the property deemed a suitable security.

2. For joint Save to Buy mortgage applications at least one applicant must hold a Save to Buy ISA and/or Save to Buy Savings Account and/or Help to Buy: ISA.

3. If you complete a Save to Buy mortgage you may be eligible for a cashback reward. If a cashback is payable, this will be based on the combined balance of all named mortgage applicants’ Save to Buy ISA and/or Save to Buy Savings Accounts and/or Help to Buy: ISA as appropriate/relevant at the time of their application for the Save to Buy mortgage. Only Accounts of named Save to Buy mortgage applicants will count toward the cashback reward.

4. If you are eligible for a cashback reward, it is payable either by cheque or by bank transfer to the current account where the mortgage payment is taken from, within one month of completion of the new mortgage.

5. Only one cashback will be paid per Save to Buy mortgage. Where more than one mortgage product is selected as part of a single mortgage application, only one cashback will be payable.

6. The cashback amount is not guaranteed and as with all our mortgage offers the cashback may be changed or withdrawn at any time and without notice.

7. We may from time to time offer other mortgage promotions and incentives for account holders and these may differ for First Time Buyers and Home Movers.

8. We may withdraw or vary  our mortgage products  including the Save to Buy mortgage, or change the eligibility criteria at any time and without notice.

9. Terms and Conditions are effective as of 1st December 2015.

To get access to our Green Additional Borrowing offers you must be looking to use the additional borrowing raised for Green purposes only. If the additional borrowing is not going to be used for this purpose then we reserve the right to withdraw the offer of funds.

The additional borrowing must be used to install energy efficient improvements to your property and must be from our approved list of acceptable measures listed in the table below:

Nationwide will either appoint a solicitor to carry out the legal work or it will be carried out by the Nationwide Remortgage Team. Nationwide will pay for the legal work in respect of a straightforward remortgage. The solicitor or Remortgage Team will be acting for Nationwide alone and not for the mortgage applicant. The mortgage applicant is free to take their own independent legal advice, but if they do, they will be responsible for the cost of such advice. Once the application is processed, the mortgage applicant will be contacted by either the appointed solicitor or the Nationwide's Remortgage Team.

Find out more about Nationwide's conveyancing service and standard legal fees in England & WalesScotland and Northern Ireland.

If you opt for the £250 cashback alternative, it will be paid within one month of completion of the mortgage. The cashback offer is in addition to other cashback offers.