Mortgages are Portable.

If you move house and the lender is able to offer you a new loan, you can keep this mortgage product and you will not have to pay an early repayment charge if you transfer the balance and the terms of this product to the new loan for the remainder of the Benefit Period. This product may not be available for any additional borrowing above the balance transferred when completing your new mortgage. This does not guarantee acceptance of any future loan application.

Some products includes a Switch and Fix feature. When this product is taken customers have the option to switch to a fixed rate at any time during the deal period without paying early repayment charges. Product reservation fees are payable if applicable.

Product is not CAT standard.

Payment Holidays Allowed. Provided all of your mortgage accounts with Nationwide are up to date at the end of the month prior to application, and your property is not tenanted, payment holidays of between 3 and 12 months maximum may be available on all or part of your monthly repayments (excluding any insurance premiums). You (for joint borrowers, at least one of you) must have had a continuous mortgage relationship with Nationwide for at least 1 year and your accounts must have not been more than 1 monthly payment in arrears within the last 12 months immediately proceeding your application. You cannot apply for a further payment holiday if it less than 6 months since your previous one ended. Third and subsequent applications during the mortgage term will receive careful considerations but may be refused. Your debt at the end of the payment holiday must not exceed 80% of the value of the property at the time you apply. Please note that Nationwide may not be prepared to consider additional borrowing during a payment holiday. Your insurance premiums must be maintained throughout the payment holiday as normal.

Borrow Back Allowed. When you have built up an overpayment ‘reserve’, you have the option to use this reserve to borrow back for any purpose you have in mind. If you choose to borrow back, your outstanding balance and monthly payments will be re-calculated at the next rate change or at the end of the year (whichever is first) to take any borrow back you have made into account.

An ‘overpayment’ is any payment in addition to the normal monthly payment as quoted in section 6 above.

Payments of capital included in your overpayments will reduce the amount on which Nationwide charges interest from the day after payment.

If you make an overpayment of more than £500.00 in any calendar month, including repayment of any fees added to the loan, within the Benefit Period, the early repayment charge will be calculated on the entire overpayment amount, as shown in section 10 above.

There are no restrictions to making overpayments whilst your account is on the Base Mortgage Rate.

Nationwide will allow you to pay reduced monthly payments at any time up to the value of any credit balance you have previously built up, provided all of your accounts are up to date. You must obtain Nationwide's agreement to this prior to reducing your monthly payments. Interest will not be charged on the increased balance arising from underpayments until the next capitalisation of the accounts.

Capital Rest Period : Daily

Repayment Yes

Endowment Yes

PEP Yes

Pension Yes

Interest only (no RV) No

With Profits Yes

Unit Linked Yes

ISA Yes

Split Repayment Yes

None

Basic:

upto £50,000 - £220

upto £100,000 - £260

upto £150,000 - £295

upto £200,000 - £340

upto £250,000 - £380

upto £300,000 - £415

upto £400,000 - £485

upto £500,000 - £550

upto £600,000 - £605

upto £700,000 - £650

upto £800,000 - £695

upto £900,000 - £750

upto £1,000,000 - £820

upto £1,500,000 - £990

upto £2,000,000 - £1220

upto £2,500,000 - £1450

upto £3,000,000 - £1680

Homebuyers:

upto £50,000 - £425

upto £100,000 - £445

upto £150,000 - £475

upto £200,000 - £525

upto £250,000 - £600

upto £300,000 - £645

upto £350,000 - £725

upto £400,000 - £750

upto £450,000 - £808

upto £500,000 - £850

upto £600,000 - £950

upto £750,000 - £1000

upto £800,000 - £1050

upto £900,000 - £1075

upto £1,000,000 - £1200

For properties valued over £1 million please refer to Lender for the valuation fee.

Homebuyer's report over £500k must be referred to Lender.

Free legals (where applicable) are not available on remortgages under £25k, when the property is currently unencumbered and the capital raising element is less than £25k.

Please refer to the Lender for any additional fees which may be charged on final redemption such as Deeds Release/Sealing/Admin fees.

Lender Conveyancing Fee - £129.75 Payable on completion. The figure quoted here is an estimate - the total fee for conveyancing may be higher. Fee payable to your conveyancer.

Added Mortgage Fees - £0.00 Payable upfront. Nationwide Building Society reserves the right to collect from you any fees you have opted to add to the loan if the mortgage does not complete or if you change products.

Redemption Charge - £90.00 Payable upfront. Customers with less than 10 years term to their natural redemption date and customers who redeem and simultaneously take out a new Nationwide mortgage will not be charged as a reward for their loyalty.

Freehold Flat No

Purpose Built Flat Yes

Converted Flat Yes

Flat Over Shop Refer

Maisonette Yes

Studio Flat Yes

Flying Freehold Refer

Thatched Yes

Timber Framed Refer

Concrete Refer

Agricultural Tie No

Flat Over 4 Storeys No

Listed Building No

Max Discount% 100

Max Market Value% 95

New Build acceptable. Purchase of a second property limited to 85% LTV.

Properties with more than 8 bedrooms, 2 kitchens and 5 bathrooms, should be referred to lender.

Flats in blocks with lift of more than 4 storeys, should be referred to lender.

Properties over £1M refer to Lender.

Remaining lease details

England and Wales

Flats and Houses - Unexpired term after mortgage term ends - minimum 30 years.

Northern Ireland

Flats and Houses - Unexpired term after mortgage term ends - minimum 50 years.

Scotland

Flats - Unexpired term after mortgage term ends - minimum 50 years.

Houses - Refer

The maximum loan to value (LTV) on New Build flats is 75%

The maximum LTV on New Build houses is 90%

Remortgage* applications on partially built properties, partially completed barn conversions or building plots are not accepted. (*Remortgages include capital raising on a mortgage free self build/conversion/plot.)

Accepted Locations : England, Scotland, Wales, N Ireland

Shared ownership : Accepted

Bank Statements No

At Least 3 Months Pay Slips Yes

P60 Yes

Proof Of Residency No

Life Policy To Be Assigned No

Previous Lender References Yes

Buildings Conditional

Min Loan

Max Loan £500,000

Max Portfolio of BTL Loans none

Min Age 18 years

Max Age none

Min Term 1 years

Max Term 40 years

Foreign Citizens Not Accepted

Ex-Patriates Not Accepted

Based on Income > 0

4.25 + 0 or 4.25 joint

Min months in current position none

Min months in continuous service none

Min no. of years accounts 2

Average years taken to calculate income 2

Will consider declining profit Refer

The Lender uses an affordability calculation to calculate loan size

Affordability Equals Gross annual income minus all monthly commitments multiple by 4.25

Shared Ownership: Maximum LTV is 95% of the applicants initial share. The minimum initial share required is 25%.

Income from a second job can be used if employment is over 6 months. Income from a third job will not be included.

Hire Purchase Taken into account

Personal Loans Taken into account

Overdraft Taken into account

Credit/Store Cards Taken into account

Child Maintenance NOT Taken into account

Child Education NOT Taken into account

Extra Income:-

Other Income - Guaranteed Add 100% to income before multiply

Other Income - Regular Add 100% to income before multiply

Other Income - Irregular No

Investment Income No

Mortgage Subsidy Add 100% to income before multiply

Large Town Allowance Add 100% to income before multiply

Maintenance Payments Add 100% to income before multiply

Non Contributory Pension No

Car Allowance Add 100% to income before multiply

CCJs : Refer to lender

Defaults : Refer to lender

Arrears : Refer to lender max months 3

Bankrupt : Acceptable, min months Discharged 36

Current IVA : Not Acceptable

Repossession : Refer to lender

An application may be referred if either applicant has exceeded 3 months

arrears in the last 3 years.

Credit reference must cover all addresses for all parties for the last three years.

Normally the applicant should have no CCJs although one satisfied CCJ under £250 can be accepted (Scotland: Sheriff's Court Decree).

- The Lender will judge customers with previous or existing adverse credit in a flexible manner and every case will be judged on its individual merits, along with the customer's ability to keep up repayments on the mortgage, taking into account his/her existing liabilities.

- The Lender will consider cases of financial difficulty and mortgage arrears sympathetically.

- The general principles of the Council of Mortgage Lenders' Statement of Practice on Handling Arrears and Possessions, including :

a) with your co-operation, developing a plan with you for dealing with your financial difficulties and clearing the arrears, consistent with both your interests and those of the Lender.

b) possession of your property will be sought only as a last resort when attempts to reach alternative arrangements with you have been unsuccessful.