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Mortgages with Nationwide
One of the UK’s largest building societies, Nationwide offers a host of services and financial products with competitive interest rates, including:
Commercial, residential, and buy-to-let mortgages
Whether you’re a first time buyer looking for a new mortgage, or looking to remortgage a property, Nationwide has options for you. Fixed-rate mortgages up to 10 years are available, as are base rate tracker mortgages and variable rates.
And when you’re a Nationwide mortgage customer, you can log into its online Mortgage Manager to see your account, manage your payments, check rate changes, and more.
Why get a mortgage through Nationwide?
As well as offering competitive mortgage deals, and mortgage offers that are quick and easy to apply for, Nationwide offers a spread of benefits for its customers.
You can track your Nationwide mortgage itself online through the Mortgage Manager, to keep a close eye on repayments, overpayments, rates, and more.
Become a Nationwide building society member, and you'll also have access to unique deals on credit cards, loans, and home insurance, as well as investments and financial protection. Plus, interest rates on your ISA account will be higher the longer you've been a member.
And finally, if you refer a friend or family member to Nationwide, you'll receive a cash reward of £100.
What types of mortgage does Nationwide offer?
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First-time buyers
First-time buyers will be able to take out a new mortgage for their property, and will receive a cash reward of £500 when they take out their first mortgage with Nationwide. If you use a Help-to-Buy ISA account, you may be able to save on a mortgage, benefit from a fixed interest rate and make use of the tracker-rate mortgage with deposits of 5% or less.
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Existing customers
You can also change your current mortgage deal with Nationwide if you meet a number of conditions, for instance if your existing deal is expiring in 5 months or less, or if you’re on a base, standard, tracker or fixed-rate mortgage. You’ll also be able to move your existing mortgage to your new property if you’re moving homes.
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Remortgage
Remortgaging means you’ll be able to change your existing mortgage lender to Nationwide (which also earns a £500 cash reward) or borrow more if there are higher loans available at Nationwide which you qualify for. You’ll also be able to switch deals as an existing customer if your current deal has come to an end.
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Buy-to-let
For landlords, Nationwide offers buy-to-let mortgages through specialist lender The Mortgage Works. You can borrow up to 80% loan to value, and there’s no minimum personal income requirement.
How to get the best mortgage deals
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Considering fixing for peace of mind
A fixed-rate mortgage can offer peace of mind because you’ll know what your monthly repayments are. But a tracker mortgage could be cheaper overall. It’s important to consider what suits your financial circumstances and attitude to risk.
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Check the fees and pay them upfront
Consider any fees attached to the mortgage deal, as these can add considerably to the overall cost - especially if you don't pay them up front. Also, factor in the length of the initial term – there is likely to be an early repayment charge if you want to leave early.
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Check your credit report for committed spending
Check your credit report before applying for a new mortgage. Existing financial commitments have a big impact on what mortgage rates and deals you’ll be offered. You can also take steps to improve your rating where possible, such as getting on the electoral roll.
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Shop around
By shopping around, you can look across the whole mortgage market to find deals that suit your needs. That’s where we can help. Whether you’re looking to buy or remortgage, we offer a comprehensive mortgage comparison across the market to source the right one for you.
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How do I compare Nationwide mortgage deals?
Comparing mortgage deals from Nationwide building society is easy with MoneySuperMarket.
How do I apply for a Nationwide mortgage?
To get the process started, you’ll need a ‘decision in principle’ certificate, which is free and confirms that Nationwide is willing to lend you money. You’ll be able to apply for this online before making an offer on a property.
You’ll then be able to complete your mortgage application by choosing a deal and show how you’ll be paying both your deposit and monthly repayments.
How do I contact Nationwide about mortgages?
To get in touch with Nationwide for any mortgage-related enquiries you can do so in the following ways:
Phone: New mortgage customers in the UK should call 0800 121 69 49
Existing Nationwide customers can call 0800 30 20 11
Lines are open:
Monday to Friday: 8am - 8pm
Saturday: 9am - 5pm
Closed on Sunday
Online banking: You’ll also be able to message Nationwide as an existing customer through your internet banking profile. Simply log into your internet banking, go to ‘My messages’ and choose ‘compose new message’.
Registered office address:
Nationwide Building Society
Head Office
Nationwide House
Pipers Way
Swindon
SN38 1NW
Nationwide is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 106078.
How do mortgages work?
A mortgage is a type of loan you get from a bank or building society to help buy a property. The size of the mortgage you need for a property will depend on how much you’ve saved up to put towards a deposit and the amount you still need to reach the purchase price.
The amount of mortgage you then take out will be a percentage of the purchase price. This is called a loan-to-value ratio, or LTV.
What is the difference between a buy-to-let mortgage and a residential mortgage?
Unlike most residential mortgages, buy-to-let mortgages are commonly offered on an interest-only basis. This means that your monthly mortgage payments will only cover the interest on your mortgage. Your capital debt, which is the money you’ve borrowed, will not go down unless you choose to make extra payments or take out a repayment mortgage.
You will need to pay the capital debt off in full at the end of your term. You could do this by selling the property. Alternatively, you could keep the property and take out another mortgage.
A buy-to-let mortgage normally requires a larger deposit than a residential mortgage. You may face larger upfront fees and pay a higher rate of interest. You will have to pay more stamp duty for a second property that is not your main home. Some buy-to-let investors choose to set themselves up as limited companies for taxation purposes.
What is a loan-to-value (LTV) ratio?
A loan-to-value (LTV) ratio is used to indicate how much of your new property is paid for by your mortgage (in percentage). You can calculate your LTV ratio by subtracting your deposit as a percentage from the house’s total price value.
For instance, if you’re purchasing a property that is valued at £200,000 and you’ve already paid a deposit of £50,000, you will be left with a 75% LTV. This is because your deposit is worth one-fourth (25%) of the house’s total price.
Generally, a larger LTV will come with higher interest rates as there’s more risk to the lender. Instead, paying a bigger deposit or buying a cheaper property in relation to your finances, is likely to get you a more favourable mortgage rate.
What else do you need to consider when looking for a mortgage?
Mortgage term: most people opt for a 25-year term for their first mortgage, but you can choose a longer or shorter period. If you opt for a longer term, your repayments will be lower. However, it will take you longer to pay off the debt and you’ll pay more interest overall. The shorter the term, the sooner you'll be mortgage free, but you should make sure you can meet the repayments each month.
Deal length: given that many mortgage deals have an early repayment charge (ERC) if you want to end the mortgage deal early, it’s important to think about how long you’re happy to tie yourself in for.
For example, if you think you might move in the next few years, opting for a two-year deal rather than a five-year deal might be preferable. It can cost thousands of pounds to get out of a mortgage early, as the penalty is usually a percentage of the outstanding mortgage. So, if your mortgage if £100,000 and the ERC is 2%, you’ll have to pay £2,000 to get out of the deal.
Repayment or interest-only: you can take your mortgage out on a repayment or interest-only basis. With a repayment mortgage, your monthly payments are calculated, so you’re paying off some of the capital as well as the interest. This way, you can be confident you’ll have repaid the entire loan by the end of the term.
In contrast, monthly payments on an interest-only mortgage cover only the interest. This means you'll have the original loan to pay in full at the end of the term. The idea is that you’ll have a repayment plan in place, such as an investment or cash ISA. Therefore, you’ll build up a significant lump sum to clear your mortgage loan in full by the time your mortgage ends.
What is a mortgage in principle?
A mortgage in principle or an agreement in principle is confirmation of how much a bank or building society is prepared to lend to you based on the information you’ve provided. This can help show that you’re ready to buy when it comes to making an offer on a property.
However, it’s important to remember that a mortgage in principle is not a guarantee that an offer will be made. A lender can still refuse or reduce the amount at the point you come to make a full mortgage application, as this will assess your full credit history and financial situation at the time of application.
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Reviewed on 11 Dec 2025