Switching your mortgage online
It's simple to switch your deal online. If you are eligible to use our Online Mortgage Switcher service, you will be able to:
- Compare your current mortgage with our latest offers
- Shortlist the mortgages you are interested in and compare rates, features and monthly payments
- Switch online in a matter of minutes
What you will need to log in:
- Your mortgage account number (you'll find this on your Year End Mortgage statement)
- Your date of birth
- The sort code of the account from which you pay your mortgage (you’ll find this on the card, cheque book or account statement)
What will happen
Follow the steps below to switch your mortgage using our Online Mortgage Switcher.
Check eligibility and log in
1. Check your eligibility, read the the 'Things you need to consider before switching' and log in to the Online Mortgage Switcher
You can log in to the Online Mortgage Switcher if you meet the following eligibility 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
Before you log in to the Online Mortgage Switcher, please check 'What you will need to log in' above and ensure you read the 'Things you need to consider before switching' below
Once you have logged in, you will be presented with all the mortgages available to you, based on your individual circumstances.
You will not be credit scored as part of your application.
Please note: If you want advice, want to borrow more or change your term/repayment method, you will need to contact us.
Choose your new mortgage
Step 2: Choose your new mortgage
When you sign in with your account details, the Online Mortgage Switcher application will show you all the mortgage deals available to you.
It allows you to shortlist the mortgages you are interested in and compare:
- Rates
- Your monthly mortgage payments
- Mortgage features
- Any fee payable (if a fee applies, you can choose to pay this upfront or add it to your loan)
It will also tell you when your new mortgage will begin, if you decide to switch to a new deal.
Get full illustration and offer
Step 3: Get a full illustration and offer
Once you have selected the mortgage you want and chosen whether to add the product fee (if applicable) to your loan, you will be shown a full Key Facts Illustration (KFI). This summarises all the important features of the mortgage you have chosen, including any fees and charges you have to pay.
You will also receive your formal offer at this point. This will not be binding until you have paid your product fee (if applicable) and selected 'switch now' at the end of the application.
If you are not happy with the mortgage you have chosen, you still have the option to go back and select another.
Switch to a new deal
Step 4: Switch your deal
If you are happy with the product you have chosen, you will be asked to pay any product fee applicable (unless you have chosen to add it to the loan).
You will then receive confirmation that you have switched your deal successfully, which we can email to you if you choose.
Your new mortgage will begin on the date shown earlier in your application.
What happens next
Step 5: What happens next
Once you've switched your mortgage online, you will receive a confirmation letter confirming your new mortgage and monthly repayments, one month before the mortgage is due to start. If you provided an email address when you switch your deal, we will send this by email.
We will also send your £300 loyalty reward, plus your additional £100 for switching your mortgage online, by cheque within one month of completion on the new mortgage ().
To see your options and switch your deal using our Online Mortgage Switcher, select ‘Switch online’ below.
Please make sure you read the following information before you switch your deal. You can then view available deals and switch your mortgage by selecting 'switch online' below.
Things you need to consider before switching
When you are considering a new product, you should also be aware that in addition to the price of the product, features may be different from those in your current contract. Please make sure you read the 3 statements below.
- Any mortgage products reserved on or before 29th April 2009 will revert to the Base Mortgage Rate (BMR). If you choose to switch to a new Nationwide mortgage product, the new product will currently revert onto our Standard Mortgage Rate (SMR). If you do not already know, please check your current mortgage offer to see what your revert rate is.
Both are variable rates which we may vary in accordance with our mortgage terms and conditions. However, the BMR is guaranteed to be no more than 2% above the Bank of England base rate, whilst the SMR has no upper limit or cap. If you choose to switch to a new product, it is not possible to switch back to the BMR at a later date.
- All mortgages reserved on or before 3rd March 2010 include the option to apply for a and facility. Any mortgages reserved after this date will no longer include these facilities.
- Tracker mortgages for existing customers switching are currently not available online. However you can still apply in your or by phoning 08457 30 20 10.
Switch your deal online
If you are not eligible to switch online, want to discuss your options, borrow more, or change your term/repayment method, please contact us.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.