A tracker floor is applicable to all Nationwide tracker mortgages. For further information go to our trackers page.
| Product + Deal term | Reservation fee | Difference from base rate | Rate for Deal term | Overall cost for comparison | Deposit required* |
|---|---|---|---|---|---|
| Tracker with reservation fee (variable rate) | |||||
| 2 years | £995 | 2.49% | 4.49% | 4.3% APR | 40% |
| 2 years | £995 | 2.69% | 4.69% | 4.4% APR | 25% |
| Fixed with reservation fee (fixed rate) | |||||
| 2 years - Option A | £599 | n/a | 4.98% | 4.4% APR | 40% |
| 2 years - Option A | £599 | n/a | 5.38% | 4.6% APR | 25% |
| 2 years - Option A | £599 | n/a | 6.58% | 4.9% APR | 15% |
| 2 years - Option B | £995 | n/a | 4.88% | 4.4% APR | 40% |
| 2 years - Option B | £995 | n/a | 5.28% | 4.6% APR | 25% |
| 2 years - Option B | £995 | n/a | 6.48% | 4.9% APR | 15% |
| 3 years | £995 | n/a | 5.48% | 4.8% APR | 40% |
| 3 years | £995 | n/a | 5.88% | 5.0% APR | 25% |
| 3 years | £995 | n/a | 6.68% | 5.3% APR | 15% |
| 5 years - Option A | £995 | n/a | 5.78% | 5.3% APR | 40% |
| 5 years - Option A | £995 | n/a | 5.98% | 5.4% APR | 25% |
| 5 years - Option A | £995 | n/a | 6.68% | 5.9% APR | 15% |
| 5 years - Option B | £1,999 | n/a | 5.68% | 5.3% APR | 40% |
| 5 years - Option B | £1,999 | n/a | 5.88% | 5.4% APR | 25% |
| 5 years - Option B | £1,999 | n/a | 6.58% | 5.8% APR | 15% |
| Fixed without reservation fee (fixed rate) | |||||
| 2 years | n/a | n/a | 5.38% | 4.5% APR | 40% |
| 2 years | n/a | n/a | 5.78% | 4.6% APR | 25% |
| 2 years | n/a | n/a | 6.98% | 4.9% APR | 15% |
At the end of the deal period all fixed and tracker rate mortgages revert back to our fully flexible BMR mortgage - current interest rate 4.00% (variable).
A £25,000 minimum advance limit applies to all 2 year no fee products.
*Borrowing Limits Apply - for more information please see our products, loan size and maximum LTV criteria.
Fixed rates and tracker rates are limited offers and can be withdrawn at any time. The actual rate available will depend upon your client's circumstances. Get a Key Facts Illustration.
Tracker Rates
If the Bank of England Base Rate is 1% or less during the tracker period, the rate payable will be 1% plus the agreed set percentage above the Bank of England Base Rate. This means that the rate payable will never go below 1% plus the additional percentage rate of your tracker mortgage. This is known as the tracker floor.
Reservation Fees
Reservation fees (non-refundable at completion) can be paid on application or can be added to the loan. If the fee is added to the loan, interest will be charged on it during the term of the mortgage.
If you decide to change a reserved product where your client has opted to add the fee to the loan, they must pay the first product reservation fee before you can book a new product. If the new product selected has a fee it can then be either added to the loan or paid up front. See A-Z Lending criteria for exceptions.
For each year of the remaining early repayment charge period, a maximum percentage of the outstanding loan is payable. Overpayments of more than £500 per month will incur early repayment charges on the entire overpayment amount.
Rates correct as at 1 January 2009.