Nationwide Mortgage Rates

As one of the UK’s largest building societies, Nationwide offers a broad range of competitively priced mortgages. Whether you are first time buyers or looking to remortgage current property Nationwide offers range of fixed and tracker mortgages. Nationwide existing customers can secure new rates by doing rate switch or product transfer via going direct or with help pf mortgage broker.

 Why Get A Mortgage From Nationwide ?

As a building society Nationwide often emphasises customer value and long-term relationships with clients. Nationwide offers competitive mortgage rates and deals through branch, online or through mortgage brokers. Their enhanced affordability  and borrowing options make eligible first-time buyers to borrow up to six times their income.

What Type of Mortgage Rates Nationwide Offer?

Nationwide offers range of mortgage products including for first time buyers, home movers and remortgages. Nationwide offers Fixed Rate Mortgage , Tracker Rate Mortgage and Standard Variable Rate.

Nationwide fixed rate mortgage :

This type of mortgage interest rate is fixed for set period of time mostly 2 years or 5 years. Fixed rate mortgage has fixed monthly mortgage payments. After fixed rate ends you can remortgage, or rate goes to Standard variable rate.

Nationwide tracker rate mortgage:

Tracker rate mortgage type follows bank of England base rate. Which means monthly mortgage payments can go up if interest goes up and if interest rate drops then monthly mortgage payments drop too. This rate is usually fixed for 2 years and after that clients can remortgage, or rate goes to Standard variable rate.

Nationwide standard variable rate:

This type of mortgage rate is usually higher than fixed rate and tracker rate. At the end of fixed mortgage term if remortgage is not done then mortgage is automatically shift to standard variable rate.

Nationwide Mortgage Rates For First Time Buyer.

First time buyers mortgage rates from Nationwide comes with many options. Nationwide offers competitive rates to first time buyers including £500 cash back on 2 years fixed rate or 5 years fixed rate. Nationwide  first time buyer mortgage includes the following:

Helping Hand Mortgage:

First time borrowers can get 6 times of income on 5 years fixed term with helping hand mortgage. This can increase borrowing capacity for first time buyers.

95% Mortgages:

Nationwide offers 95% mortgage to first time buyers those who have smaller deposit amount also known as low deposit mortgage. First time buyers with 5 % deposit can borrow up to 95 % of the property price.

Nationwide Remortgage Rates

Nationwide remortgage rates offers up to 95% value of the property. It means those who have smaller equity present in property can be benefited from Nationwide remortgage products. Nationwide also offers £500 cash back. For latest remortgage rates check our Nationwide remortgage rates table.

Nationwide Existing Customers Mortgage Rates

Nationwide existing customers rates range can be as good as new customers or better than new remortgaging customers. Existing customers can switch deal as long as they meet nationwide criteria.

How To Secure Best Nationwide Mortgage Rate?

Nationwide offers very attractive rates to existing customers and new customers. Follow some of the steps to improve chances of securing  Nationwide best mortgage rates.

Save higher deposit:

Higher deposit reduces the mortgage loan resulting in better interest rates available for lower loan to value.

Consider fixed term:

Lenders usually offer cheaper fix rate than tracker. Fixing mortgage for long term like 2 years and 5 years will help to secure better rate for that term. Which can be peace of mind knowing monthly mortgage payments are not going up.

Secure rate early: 

Securing mortgage rates early can help to lock lower rates while continue to monitor the mortgage rates.

Work on credit file:

Good credit rating can help to pass the lender credit score requirement which is helpful to secure better rate from Nationwide.

Work with mortgage broker:

Having mortgage broker on your side can be very beneficial. Mortgage broker can help  compare the best  rate and secure it. Work with fee free mortgage broker  which can save on broker fees.

Some of the FAQS:

Does Nationwide Offer 6 Times of Income Mortgage ?

Yes, Nationwide offers 6 times of income in mortgage to first time buyers. This type of mortgage known as Nationwide Helping Hand Mortgage which can increase borrowing capacity giving push to first time buyers.

Does Nationwide Offer Buy To Let Mortgage?

Nationwide  offer only residential mortgages they do not offer buy to let mortgage. But nationwide owns buy to lender known as The Mortgage Works or TMW.  The Mortgage Works  offer range of buy to let mortgages including let to buy, HMO mortgage and company buy to lets. To Know more about TMW mortgage rates speak to mortgage specialist today.

Why Use Mortgage Broker for Nationwide Mortgage Deals

Mortgage brokers like MariannaFS who offer free mortgage advice. Mortgage brokers have expertise and tools to find and compare Nationwide mortgage rates. Going direct to Nationwide you may not know if you have got the good mortgage deal. But mortgage broker can scan whole of market including Nationwide  bank to find best mortgage rate. Just complete the contact form and our team will contact you.

Related Mortgage Guides

TMW Mortgage  Rates

Nationwide Product Transfer

Nationwide Mortgage Porting  Guide

Nationwide Helping Hand Mortgage.