Nationwide BOE +0.84% for 2 years
Which? customer score 72%
Assumed borrowing of £125,000 over 25 years, representative 3.7% APRC. Total amount payable: £191,127.66. Includes interest of £64,923.66, Valuation fee of £205, Booking fee of £0 and Administration fee of £999. Repayments: 24 monthly repayments of £490.58 at 1.34% (variable), then 276 monthly repayments of £645.47 at 3.99% (variable).
Recommended Provider
Nationwide customer satisfaction scorecard:
How do we work this out?| Clarity of statements | Flexibility of payments | Transparency of charges | Customer service | Overall customer score |
72%Good |
Eligibility
| Maximum age | 75 |
|---|---|
| Minimum age | 18 |
| Location | Any |
| Restricted location note | N/A |
| Existing customer note | N/A |
| Eligibility notes | N/A |
Mortgage product details
| Mortgage types | First time buyer |
|---|---|
| Deal type | Tracker |
| Tracker type | Bank of England |
| Payment options | Repayment |
Mortgage product features
| Overpayments allowed | Yes |
|---|---|
| Overpayment limits note | N/A |
| Offset mortgage | No |
| Help to Buy mortgage | No |
| Shared ownership mortgage | No |
| Shared equity mortgage | No |
| New-build mortgage | No |
| Self-build mortgage | No |
| Portable mortgage | Yes |
Product fees
| Arrangement fee | £999 |
|---|---|
| Arrangement fee can be added to loan | Yes |
| Booking fee | £0 |
| Telegraphic transfer fee | £20 |
| Insurance fee | £0 |
| Other fees | £0 |
Rate information
| Minimum borrowing amount | £25,000 |
|---|---|
| Maximum borrowing amount | £1,000,000 |
| Minimum term (years) | 2 |
| Maximum term (years) | 40 |
| Initial deal end date | N/A |
| Initial deal length (months) | 24 |
| APRC | 3.67% |
| Initial rate | 1.34% |
| Revert-to rate | 3.99% |
| Maximum LTV | 75.0% |
Other charges
| Exit fees | £90 |
|---|---|
| Valuation admin fee | £0 |
| Valuation fee | From £155 for property value above £50,000 |
| Early repayment note | N/A |
Standard benefits
| Valuation admin fee excluded from any refund offer | Yes |
|---|---|
| Maximum free valuation | £0 |
| Cash back amount | £500 |
| Further notes about benefits | N/A |
Remortgage benefits
| Cash back on legal fees | No |
|---|---|
| Free legal work | No |
| Valuation offer | Payable |
Purchase mortgage benefits
| Cash back on legal fees | No |
|---|---|
| Free legal work | No |
| Valuation offer | Payable |