Website: http://www.nationwide.co.uk/mortgage/
Phone: 0800 30 20 10
The Nationwide offer a one-minute in-principle agreement if you're in that much of a hurry! Your Nationwide mortgage will be flexible, CAT marked, and if you look hard there are some rare benefits on offer.
The Nationwide offers a very standard rate of mortgages; the main offers being a capped tracker, fixed rates and flexible mortgages. You need to know two things- a range of specialist mortgages (e.g. buy-to-let, self-certified) are on offer from their subsidiary company, UCB. Secondly, all mortgages offered are "flexible" - that means over/under payments, payment holidays and the option to drawdown money you've overpaid. The question then is, what does their flexible mortgage offer that the others don't?
Any Nationwide mortgage will conform to the Government's CAT standard for mortgages- but don't read too much into that- it doesn't guarantee a best rate. Nationwide are big on loyalty too- existing customers benefit from the lowest interest rate tier- which begs the question, why move to them if you need to wait 3 or more years for the best deal.
We're being a little negative here- there are some excellent Nationwide mortgage offers. Their BMR flexible mortgage for example has no early repayment fees; which could save you thousands. And as an aside, their guides are among the more helpful.
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