Nationwide Building Society is the biggest mutual financial institution in the world and the second-largest mortgage provider in the UK. Keen to retain the values it was founded upon, Nationwide has maintained its mutual status over a 150-year history and continues to be run for the benefit of its members.
Compare Nationwide Building Society’s mortgage rates
If you borrow £178,000 over a 25-year term at 4.74% p.a. (fixed) for 60 months reverting to 7.99% p.a. (variable) for the remaining term, you would make 60 monthly payments of £1013.79 and 240 monthly payments of £1312.32. The total payable would be £377,163.20, which includes the interest of £197,784, valuation fees of £0 and a product fee of £999. The overall cost for comparison is 6.8% APRC representative.
Overview of mortgages
|Initial rate types||Fixed, base rate tracker|
|Borrower types||Moving house, first-time buyers, remortgaging|
|Mortgage amounts||From £10,000 to £5,000,000|
|Mortgage terms||From 2 to 40 years|
|Lowest initial rate||4.29%|
|Longest fixed rate offer||10 years|
|Regions covered||Great Britain, Northern Ireland|
|Applicant age||From 18 to 75|
|Offers portable mortgages|
What types of mortgage can I get with Nationwide Building Society?
- Fixed rate. Your interest rate remains fixed for set amount of time, providing certainty about the size of your monthly mortgage repayments. Nationwide offers mortgages with fixed-rate periods of two, three, five and ten years.
- Remortgages. You can switch away from your existing mortgage provider via Nationwide’s remortgage products.
- Tracker. Your interest will shift up and down at the same rate as the Bank of England base rate.
- Buy-to-let. This mortgage allows you to buy an additional property and let it out to tenants.
- Let-to-buy. This mortgage allows you to remortgage your existing property, releasing equity so you can buy a new one.
How to apply
You can apply online, by calling 03457 30 20 10, or by visiting a local branch. For more complex mortgage types, such as shared ownership or Help to Buy mortgages, online applications are not available.
What information is needed to apply?
You’ll need to provide proof of identity, proof of address, proof of UK residency, proof of deposit and proof of earnings.
To back this up, employees will need to provide their latest monthly payslip. If you’re paid weekly or fortnightly, or you receive bonuses or commission, you may need to provide more payslips. Self-employed applicants will need to provide at least two years’ worth of accounts. You may also be asked for up to three months’ worth of recent bank statements.
Applicants must be at least 18 years old, and no older than 75 when the mortgage term is due to end.
All applicants will be subject to an affordability assessment and credit check. If you’ve suffered more than three months of mortgage arrears in the past three years, you’ll be declined. If you’ve suffered an undischarged bankruptcy, a discharged bankruptcy less than three years ago or a property repossession, you’ll be declined.
You can make general mortgage enquiries by calling 03457 30 20 10, using the online chat service on nationwide.co.uk, or by visiting a local branch.
Nationwide mortgages customer reviews
Nationwide was the winner of Finder’s 2023 Mortgages Customer Satisfaction Awards, as a result of finishing in first place in our annual customer satisfaction survey, achieving a top score of 5 out of 5 stars. As well as this, 91% of Nationwide’s customers said they would recommend one of its mortgages.
Nationwide mortgage customers in our survey were impressed with the helpful and friendly customer service team, saying they made it easy to understand the products provided and make changes if needed.
Here’s some of the feedback we got from Nationwide mortgage customers:
“A good interest rate and easy to apply.”
“Always answered any queires promptly”
“It’s a supportive and understanding and knowledgeable company to be with.”
“Good rates, good length, decent amount that can be overpaid.”
“Nationwide has always been very understanding of personal circumstances.”
Frequently asked questions
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