Nationwide Flex 5yr 5.44% Fixed H/P LTV 75% Mortgage Features & Benefits
(currently displaying summary information only)| Feature / Benefit | Summary | Details | Rating out of 5 | ||
|---|---|---|---|---|---|
| Application Criteria: | |||||
| Permanent UK Resident |  | yes | This product is only available to individuals who are permanent UK residents. | ||
| Existing Customers Only | | no | This mortgage is not just available to existing customers | ||
| Existing Borrowers Only | | no | This mortgage is not just available to existing borrowers. | ||
| Remortgage Only | | no | This is not just available for remortgages. | ||
| First Time Buyers Only | | no | This mortgage is not just available to first time buyers. | ||
| Available Via a Broker Only | | no | Available direct. | ||
| Available Direct | | yes | This product is available direct from the provider. | ||
| Rates: | |||||
| Initial Rate APR | | 5.44% | 5.44% |  | |
| Initial Rate End Date | | 60 months | 60 months |  | |
| Final Rate | | 3.99% | The standard variable rate is 3.99% |  | |
| Mortgage APR | | 5.1% | 5.4% | | |
| Fixed Rate Term | | 60 months | 60 | | |
| Frequency of Interest Calculations | | daily | Interest is calculated daily. | ||
| Tie-in Period After Rate | | 0 years | No tie-in period. | ||
| Suitability: | |||||
| Mortgage Type | | Fixed Rate | Fixed Rate | ||
| Repayment Mortgage | | yes | Yes | ||
| Interest Only Mortgage | | yes | Yes | ||
| Endowment Mortgage | | yes | Yes | ||
| Maximum LTV | | 75% | 75% | | |
| Maximum Loan | | £500,000 | The maximum loan is £500000. | | |
| House Purchase Max LTV | | 75% | The maximum loan to value House Purchase 75% LTV 75% to £500,000 | | |
| Remortgage | | no | Product is not available for remortgages. | ||
| First Time Buyers | | yes | Product is available to first time buyers. | ||
| First Time Buyer Max LTV | | 75% | The maximum loan to value First Time Buyer 75% LTV 75% to £500,000 | | |
| Existing Borrowers Moving Home | | yes | Product is available to existing borrowers moving home | ||
| Existing Borrowers Not Moving Home | | no | Product is not available to existing borrowers not moving home | ||
| Homemover | | yes | Product is available to homemovers. | ||
| Shared Ownership | | yes | Available for Shared Ownership. | ||
| Shared Ownership Max LTV | | 75% | The maximum loan to value shared ownership 75% LTV 75% to £500,000 | | |
| Right to Buy Max LTV | | 100% | The maximum loan to value for right to buy of purchase price is 100%. LTV 100% to £500,000 |  | |
| Shared Equity | | no | This product is not available for shared Equity. | ||
| Restrictions: | |||||
| Maximum Term | | 40 years | Maximum term is 40 years (the maximum term on pre-1919 properties is 30 years) | ||
| Minimum Term | | 3 years | 3 years. | ||
| Incentives: | |||||
| Legal Fees Contribution | | no | No legal fees incentive available. | ||
| No Higher Lending Charge | | yes | No higher lending charge payable. | ||
| Facilities: | |||||
| Portable Mortgage | | yes | Product is portable, Nationwide will allow you to move house within the term of the offer and use the same rate, provided the entire mortgage is kept with...expand | ||
| Flexible Payments | | yes | Flexible options available - Overpayments - (max £500 per month) Underpayments and Drawdowns up to limit of overpayment reserve Apply for Flexible...expand | ||
| Overpayments Available | | restricted | Overpayments of up to £500 each month allowed without penalty. | ||
| Payment Holiday | | no | Not applicable | ||
| Fees & Charges: | |||||
| Application Fee £ | | varies | £896 product fee is payable. £99 booking fee payable up front (non-refundable) | | |
| Application Fee Added to Loan | | yes | Reservation fee can be added to the loan. £99 booking fee payable up front (non-refundable) | ||
| Early Repayment Charge | | yes | There is an early redemption charge payable. | ||
| Early Repayment Charge Amount | | 5% | ERC - 5% of the outstanding balance for years 1-5. | ||
| Early Repayment Charge Term | | 60 months | 60 months. | ||
Apply for this mortgage: | |||||
