Nationwide is the biggest Building Society in the world, with approximately 13 million members. In the UK, it ranks as the 2nd largest provider of mortgages and savings.
During its history it has merged with over 100 other societies, the most recent being the merger with Portman Building Society in August 2007. Nationwide is still a mutual society, with a strong commitment to remaining mutual.
As a mortgage provider, Nationwide is known for making flexible features standard for all its borrowers. For example, all mortgages have interest calculated daily, and offer the facility of over- or under-payment.
To get advice and help choosing a Nationwide mortgage, and to compare other lenders, fill in the short enquiry form for a free call-back by an FSA-qualified mortgage adviser.
More about Nationwide mortgages
Nationwide offers 33 different residential mortgages and has kept on offering some of the market's most competitive rates.
Take for example the five different fixed-rate mortgage packages under 6% interest. The best of these might be the 3-year fixed rate at 5.75%, for home movers or first time buyers with at least 25% deposit. You can even get a mortgage up to 90% loan-to-value for 5.94% (variable for 3 years).
Nationwide also takes innovative approaches to fees and repayment charges. With Nationwide the initial amounts are called "Reservation Fees" and are typically lower for first-time buyers than for those already on the property ladder. For example, you would pay only £299 in fees for a first-time-buyer 3-year variable rate mortgage at 5.74%, saving you £300 off the standard reservation fee.
Its variable rate Tracker mortgages offer a "switch and fix" facility: you can switch to a fixed-rate mortgage if interest rate changes cause your monthly payments to rise.
It can sometimes be confusing comparing Nationwide mortgages with other lenders because of the difference in price structures, which is why we suggest using an impartial adviser to get a quick and fair comparison.
Nationwide Remortgages
Nationwide offers a slightly different set of mortgage deals to those moving from another lender. You can choose from a range of different fixed and tracker rates from 5.74%, all with a £599 fee – or, how about a fee-free remortgage at 6.55% for two years or a 6.44% lifetime tracker?
Choosing a Nationwide Mortgage
We recommend that the best way to find out if Nationwide (or any other mortgage/lender for that matter) is suitable for you is to consult an FSA-qualified mortgage adviser. They can give you a much quicker and fairer comparison of the market than you can get by searching the internet for rates, and they are guaranteed to act in your best interests.
By filling in the mortgage enquiry form you will get a free call back with impartial mortgage advice and a quote, representative of the whole of market, with no strings attached.
Click here for the secure, 1-minute enquiry form to get a free call back with unbiased advice.