Initial fees

Extra service fees

Changes to your mortgage

Changes to your mortgage

The following fees may apply if you make changes to your existing mortgage. If you change to a new mortgage, initial fees may also apply at this stage.

Name of fee Early Repayment Charge (changing your mortgage)
What the fee is for You may be charged this if:
  • you pay off your mortgage before your current deal ends (for example, by moving to another lender)
  • you make an overpayment that is higher than your product overpayment allowance (for example by increased regular payments or by paying off a lump sum)
  • you switch to a new Nationwide product before your deal ends (unless you switch to a new product within the last three months of your current deal)
  • you take only part of your existing Nationwide mortgage with you to a new property (partial port)
  • you take all your existing Nationwide mortgage with you to a new property and a porting application has been accepted and an offer produced by Nationwide - but there’s a delay between the sale of your existing property and the purchase of your new one (split port).
    In this case, we’ll refund any applicable fees on completion of your new property purchase providing this is completed within the offer validity period.
    Please note if you need to change the details of your application after the sale of your property has completed, you won’t be able to port your existing mortgage product to your new property and you’ll need to choose a new mortgage product. This means any fees you’ve paid when you closed your existing account won’t be refunded.
How much is the fee? Check your key facts illustration, mortgage offer or annual statement for details about your Early Repayment Charge and overpayment allowance. Charges vary from 0-7% of the amount you overpay. For example, if you have a 5% charge then you’ll pay £50 for every £1,000 you repay.
Further information Find out more about Early Repayment Charges.
Name of fee Change of parties administration fee – at Nationwide we call this a transfer of equity or change of borrower fee
What the fee is for Our administrative costs for adding or removing someone (a ‘party’) from the mortgage.
How much is the fee? £125
Further information Find out more about a change of borrower.
Name of fee Consent to let fee
What the fee is for You’ll pay this to let your property if you don’t have a buy-to-let mortgage.
How much is the fee? There's no fee, but please note an additional 1% will be added to your current interest rate (after 6 months of letting your property).
Further information Find out more about letting your property.

For a full list of our mortgage charges and a description of when these apply, download our Tariff of Charges.

Payment difficulties

Ending your mortgage

FAQs