Your existing Nationwide clients may be able to get a better mortgage deal by staying with us. This page has all the information you need to help them do that, including porting, switching and overpayments.
Here at Nationwide we define an 'Existing Nationwide Borrower Moving Home' as:
We define an 'Existing Nationwide Borrower Moving Home and Porting' as:
Find out about completing a rate switch application and our switcher dates.
Read all about how to submit a porting case, including key criteria and fees.
Does your client with an existing mortgage with us need to borrow more (further advance).
An existing Nationwide mortgage borrower, who is moving to a new property, can redeem their current mortgage in favour of another Nationwide mortgage product. They need to pay any Early Repayment Charges (ERC) that applies to the current mortgage (unless they are within the last three months of their current product deal ERC period).
We can’t accept purchase applications from existing borrowers moving home who intend to remortgage their existing property as a Buy to Let, unless the new lender will be The Mortgage Works. The existing Nationwide mortgage can’t be transferred to any other lender.
To request a permission to let form, your client can call the Mortgage Servicing team on 0345 730 20 11.
A 0.5% loading will be added to their existing interest rate where they're on a fixed or tracker rate product.
Where Consent to Let has been approved, your client won't be able to:
If your client(s) make mortgage payments exceeding the contracted monthly amounts, these overpayments will form an 'Overpayment Reserve'.
For everything you need to know around overpayments, follow the link below.
To request a permission to let form, your client can call the Mortgage Servicing team on 0345 730 20 11. A 0.5% loading will be added to their existing interest rate.
Where Consent to Let has been approved, your client won't be able to:
If your client(s) make mortgage payments exceeding the contracted monthly amounts, these overpayments will form an 'Overpayment Reserve'.
For everything you need to know around overpayments, follow the link below.
Your clients can check their own mortgage information, such as current house value, redemption figure and ERCs through Mortgage Manager. They can access this service through our internet bank or banking app.
