In addition to paying the £389 fee up front, or paying no fee with a higher interest rate, borrowers can now opt to add the fee to the loan.
This extended choice gives customers greater flexibility. Nationwide’s total upfront fees remain very competitive, especially when combined with its rates and the absence of Higher Lending Charges.
NATIONWIDE MORTGAGES
Key Features of the Mortgage Product Range
1. Range of flexible features available on all new mortgages - to overpay, underpay or take a payment holiday
2. All new mortgage products available to new and existing borrowers
3. Interest is calculated on a daily basis on all products
4. No Higher Lending Charge or fees for high percentage borrowing
5. BMR is guaranteed to be no more than 2 per cent above the Bank of England base rate
6. No compulsory insurance
7. Valuation fee varies based on purchase price of property and not product chosen
8. Valuation fees are non-refundable for home buyers and home movers
9. No valuation fees or legal fees for remortgagors
10. Non-refundable £389 reservation fee for fixed rate and tracker mortgages which can be added to the loan
11. Option to take a higher fixed or tracker rate and not pay a reservation fee.
