Nationwide Building Society Deals

Nationwide Building Society Deals & Offers

73 hot deals

All Nationwide Building Society Deals, Discounts & Sales for June 2020

Nationwide 5 years fixed rate mortgage - 1.49% - £999 booking fee - 75% LTV @ Nationwide Building Society (Existing customers)
1225°
Posted 29th MayPosted 29th May
Today Nationwide lowered most of its mortgage rates. Just got this same deal at 1.59% a couple of weeks ago so I thought this is a great deal! Please mind that going for a feefree… Read more
Jijin2

Exactly same situation and I got exactly the same answer. I'll just leave June with no fixed rate and start from July.

pj019

This product was released on 29th May. I had a fixed term coming to an end, and am eligible to switch from 01 June. Nationwide advised that the earliest this new rate could start would be 01 July because they wouldn't have enough time to process it for 01 June. Has anyone else encountered this or similar? If so, what was the result? Hot for the product. Less so for the service that goes with it.

pihunter

im also looking at winning the lottery soon...... ya pays your money ya takes your chances (y)

Dadlet

Iver been in the market for a new mortgage - Initially went enquired with nationwide..what a joke - the 'advisor' was useless and took nearly 30 mins yto get my basic address details input! I gave up in the end. Also agree that those adverts are so bad that I really didnt want to give them 1st shout but rates seemed good. Anyway after that awful 1st customer interactoion experience i went and applied elsewhere, awaiting a decision ( now 8 days at the underwriter!) but they are making me jump through hoops on the application despite having a 65% LTV. Guess this backs up some of the comments in this thread.

jameswalker457

Left NW after pulling all their savings products ..... Shame!

2 years fixed mortgage 1.19% with £999 product fee 60% LTV existing customers @ Nationwide
576°
Posted 18th MayPosted 18th May
Only available to those already with Nationwide and remortgaging. 60% LTV May be of use to some like me who's deal is coming to an end and not wanting a longer fix.
Ghulam35

This is going down to 1.14% tmrw and the no fee is going down 1.44%

getmore4less

As with a lot of mortgage deals on here you get loads of the fees not worth it without any calculations... done a wee spreadsheet(just knocked this up so not cross checked the answers yet) for a given rate and fee the break even rates and amounts for a matrix of values of rate difference and mortgage amount for a range of terms based on the monthly payment of the fix rate with fee which is close enough for this exercise. for this 1.19% £999 fee 2 year fixed term (formatting is rubbish can you do tables here?) Mortgage amount break even rate Full term £50,000 £100,000 £150,000 £200,000 £300,000 5 2.449% 1.816% 1.606% 1.502% 1.398% 10 2.315% 1.749% 1.562% 1.469% 1.376% 15 2.276% 1.730% 1.549% 1.459% 1.369% 20 2.258% 1.721% 1.543% 1.455% 1.366% 25 2.247% 1.716% 1.540% 1.452% 1.365% 30 2.240% 1.712% 1.538% 1.450% 1.364% rate difference break even mortgage 0.10% 0.20% 0.30% 0.40% 0.50% 5 £621,402.08 £310,499.14 £206,864.93 £155,047.90 £123,957.75 10 £555,640.58 £277,599.60 £184,919.38 £138,579.35 £110,775.40 15 £536,724.67 £268,135.68 £178,606.13 £133,841.44 £106,982.69 20 £527,756.36 £263,648.61 £175,612.81 £131,594.99 £105,184.37 25 £522,529.74 £261,033.59 £173,868.31 £130,285.76 £104,136.29 30 £519,112.37 £259,323.76 £172,727.67 £129,429.71 £103,451.00 For a nationwide borrower with the no fee fix at 1.69% (+0.5%) the break even is as low as £105k with a term 20 years or longer.

djames108

Looks like a good deal for 90% (y) Just be careful not to end up with negative equity

Daz555

Economy is about to crash and we could be in recession or even depression. I can't see interest rates going up any time soon.

seckinboy

I don’t know much about mortgages but I just purchased my first home, 90% loan, 1.84% interest fixed for 2 years. £999 fee although they are paying me back £500. Can anyone let me know if this was good for a first one buyer? And what I should do end of the 2 years?

Nationwide 5 year Fixed Mortgage - 1.59% - £999 booking fee - 75% LTV @ Nationwide
1766°
Posted 12th MayPosted 12th May
My term was ending by the 31st of May, some may argue that interests rates may go down further but I thought it was a sweet deal considering HSBC requires 60% LTV to match the same… Read more
Get deal*Get deal*
stefanjulia

Hopefully this arrangement fees will be refunded the same as PPI at some point. It is insane to pay interest and arrangement fee, what is the service for the arrangement fee?

getmore4less

If you want to compare properly by paying the fee up front you have to take the fee off the mortgage without the fee. if you don't make the payment the same you have to account for the costs/savings of the difference in payment by making an assumption like what the interest rate will be easier to just make the payments the same to get the base result then decide if there are better options like saving or the preference to have a smaller payment and spend it. You can then work out the true cost of not paying down the mortgage once you have the comparison of the no fee/fee for a level of borrowing that is like for like you an then decide if the money in the bank is preferable even though it will cost you once you decide what borrowing you need and the monthly payment It does not matter how you wrap it up the comparison to see which is cheaper is X against X+fee with the same monthly payment Want more money in the bank at the start borrow more. Want a smaller payment make the term longer or just decide how much you need and what payment you want then do the comparison. then work out what term is needed to get the payment you want. Anyone planning to overpay should use the planned payment not the contractual payment

jakeyjakey

Bit confused. The savings you get from paying the upfront fee ARE the monthly difference so why would you make the payments equal? whag have I missed to give different outcomes? Also I think you’re assuming someone could pay down the 999.99 upfront on the higher rate though if they’re going for the higher interest it might be because they can’t do that.

biketime08

I think these deals are ok if you have a big mortgage. The Nationwide have a really simple mortgage calculator just for the figures. But people are right often the fees wipe out the benefits of the lower rate. Especially if you have a relatively small mortgage. Easy to check.

getmore4less

The simple way to compare is to add the fees and make the payment the same and see whats left. that's 2 calculations in any simple mortgage calculator that lets you set the payment. If you just do the regular mortgage you have to take account of the difference in payment and the fee in some way. You may have a better savings rate or just want to spend it. Taking the example above using the MSE calculator and doing it taking account of the fees and payments. £100k 20y 1.44% £999 fee V 1.69% £0 fee amount.........rate.....payment.owing.........interest.....total cost...total payments £100,000.00 1.44% £479.79 £77,630.31 £6,417.77 £7,416.77 £29,786.46 £100,000.00 1.69% £491.33 £78,072.03 £7,552.02 £7,552.02 £29,479.99 that shows the fee has amount owing £442 lower, interest £1134 lower cost lower by £135 payments out(Inc fee) higher £307 NET £135 Then add the fees so the cash position is the same at the start(MSE does this). amount.........rate.....payment.owing.........interest.....total cost...total payments £100,999.00 1.44% £484.58 £78,405.84 £6,481.88 £7,480.88 £29,075.04 £100,000.00 1.69% £491.33 £78,072.03 £7,552.02 £7,552.02 £29,479.99 amount owing £334 more, interest £1072 lower cost(with fee) £72 less, payments out £405 lower NET £71 then make the payments the same(cash flow now the same for both just look at whats left.). amount.........rate.....payment.owing.........interest.....total cost £100,999.00 1.44% £491.33 £77,986.22 £6,467.21 £7,466.21 £100,000.00 1.69% £491.33 £78,072.03 £7,552.02 £7,552.02 NET £86 (the numbers are a bit different to MSE because it depends on any rounding and exact parameters into the functions uses.) Once you have the relative costs for each option you can consider other factors like interest rates on savings, having the lower payment. Also paying the fee up front or not makes a small difference as it is just the same as overpaying by £999, all you are doing is borrowing less and the savings go down a bit. amount.........rate.....payment.owing.........interest.....total cost £100,000.00 1.44% £486.42 £77,217.86 £099,001.00 1.69% £486.42 £77,292.09 NET £74

Nationwide FlexDirect account - earn 5% Interest on balances up to £2,500
1612° Expired
Posted 25th AprPosted 25th Apr
The Nationwide FlexDirect current account allows account holders to earn 5% interest on balances up to £2,500 for a year - potential ability to earn £125 in the first year. By far … Read more
Get deal*Get deal*
kar999

Yep. That's correct. £10.38 in both mine and joint account for the full month.

derbyduckie

Applied 21st, got it 24th, put £2500 in 25th, just got £9.4 in interest... not the full amount of £10.4, but weird how they calculate this

Ghostcrawler

Right..so you have got internet for 17 days but your 12 months offer will get over next year 14 May, so next year you will get interest for 14 days...this will make your full 12 months cycle. You may reach out to the support team to confirm this, hopefully I am not wrong.

Maka20

Yes, received all documents on 15th and put 2500 on the same day.

Ghostcrawler

You must have not kept £2500 for full month then.

£500 Cashback for First Time Buyers then Mortgage Genie TCB for more £££
503° Expired
Posted 26th JanPosted 26th Jan
£500 Cashback for First Time Buyers then Mortgage Genie TCB for more £££
£4£999
Not too many deals on mortgages for first time buyers on HUKD so here is what I found. Nationwide is very competitive for 5% (95% LTV) deposit and the best I found for 10% (90% LT… Read more
Get deal*Get deal*
rambo_or_mark

Awesome news. Who are the big firms? I’m an amateur at this plz help haha

Grandi1989

That would suggest you’ve used a poor broker. Top writing mortgage brokers almost always have exclusive rates with lenders that aren’t accessible by customers direct.

spankwilder

corrr they're better figures than 12 months ago when Carney was spouting about raising interest rates!

rambo_or_mark

I've never seen a broker offer a better deal, in my limited experience. 1.84% with Nationwide on a Fixed 2yr with fee 90% LTV. https://www.nationwide.co.uk/products/mortgages/our-mortgage-rates

Flappybunnyman

1.99% for 50% LTV but rates are typically better now. The broker found the exact same deal as was on the nationwide website. In my case, no it wasn’t worth using the broker - but due to my first mortgage it was peace of mind I guess.

Triple Access Saver/ISA 1.21% Nationwide Building Society
-148° Expired
Posted 17th Oct 2019Posted 17th Oct 2019
Triple Access Saver/ISA 1.21% Nationwide Building Society
I know there's certain online providers that will give you a higher rate of interest but just had a email that they have just released this savings account. " Savers who are happy… Read more
Mike626

Ah I don't think they do that anymore - and haven't been with them for 15 years.

StanTheIronMan

All banks taking the "P" out of savers. When you get less interest than inflation rates the banks are stuffing the profits in their own pockets. Stick it in a mattress until the banks put their heads on the right way.

paza123

Nationwide. 15 year loyalty isa

Mike626

Who's that with?

monitor1

Cold,Nationwide not paying much interest just lately.The Coventry savings account only allows Up to 3 penalty free withdrawals a year.

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Nationwide 1.5% Fixed Rate Bond for existing members
Expired
Posted 17th Oct 2019Posted 17th Oct 2019LocalLocal
Nationwide 1.5% Fixed Rate Bond for existing members
Good rate on this new bond just launched for existing Nationwide members who have up to £5000 they can lock away for 18 months. Better rates with other online banks but for a high … Read more
Get deal*Get deal*
GAVINLEWISHUKD

The above deal will net you about £75 for the year. The flipping it into regular savers will net you about £110. Obviously it's not life changing, but it's £35 for almost no work.

tom_duffy

How much would that net you in total I’m to lazy (or incapable) to work it out :o

erikax

Glad I fell on this thread I've been looking at savings acc been a long term saver with Halifax and noticed int rate was 0.03 or something insanely low but not had chance to look into best save acc for interest il be having a look tonight though 👌

nbgrobbo

I didn’t have to post ID when setting up, electronic checks are av

KongDonkey

That's with online banks and can involve credit checks and posting ID to them. Some people would rather the ease of just dealing a high street bank. That extra 0.25% may get an extra £15 over the 18 months on the £5000 which may be worth it for some though.

Our online FlexDirect account pays 5% AER interest fixed for the first 12 months up to £2,500 balance at Nationwide Building Society
-82° Expired
Posted 8th Sep 2019Posted 8th Sep 2019
Our online FlexDirect account pays 5% AER interest fixed for the first 12 months up to £2,500 balance at Nationwide Building Society
Make sure you choose FLEX DIRECT.
Get deal*Get deal*
Sharpharp

The Cold votes will be because this is a one-time use only offer, if you've had this previously you can't re-apply down the line.

brettytopbanana

I'm all seriousness, what would some people recommend to do with between 15k and 25k in terms of where to get the best returns at no risk?

dealdelver

Probably because not news, and already tied in with past posts for switching bonus.

rogparki

Maybe because it has been around for years ?

garbage456

Still not sure why this is cold. Maybe an account with bad customer service pays 1% interest and charges 5 pounds a month will get heat.

Nationwide Help to Buy ISA 2.5% up to £12,000 for eligible first-time buyers
-91°
Posted 11th Jul 2019Posted 11th Jul 2019
Nationwide Help to Buy ISA 2.5% up to £12,000 for eligible first-time buyers
Eligible first-time buyers who could boost their savings with a 25% government bonus. - Put £1200 in initially, and then a max of £200 a month - 2.5% interest with no tax - Potent… Read more
Get deal*Get deal*
ArjangBaiggYt

Why is this cold? What am I not understanding. 2.5% rate is ok for money you want to put towards a house isn't it?

westernise

The only thing that truly baffles me is that people on benefits would get penalised for having these types of products. The DWP penalises benefits claimants for having any more than 6k in savings. No wonder the benefits trap exists.

Ashe

I don't think anyone has said the T&Cs stipulate that. There's a comment saying you need to buy a first time property to qualify for the bonus, and my comment saying that the terms state you need to be an "Eligible Customer" from the H2B scheme rules to open it, but nothing that says you need to open it only for the purpose of buying a 1st time property.

diktiomenos

My understanding is that this document refers to claiming the government bonus when purchasing an eligible 1st time property and not to open an account. That's because it specifically asks for an address and purchase price of the acquired property (which would be irrelevant when you merely open an account with the intention to buy a property several years down the line) and the -existing- H2B ISA account number. And further down it says "I have operated my Help to Buy: ISA in accordance with the terms and conditions" which also openly implies that you have already a H2B ISA. Now, someone else commented that the bank's T&Cs stipulate that you have to open this type of account with the only purpose of buying a 1st time property and thus just opening one for general savings instead (as LISAs expressly allow you to do) isn't allowed. That's debatable in my opinion, but it's even more questionable how enforceable -by a bank- such a term can be anyway.

DazLFC

2.57% with Barclays

Up to £450 (switch bonuses & interest) for you & a "friend" for switching to Nationwide
236° Expired
Posted 26th Jun 2019Posted 26th Jun 2019
Up to £450 (switch bonuses & interest) for you & a "friend" for switching to Nationwide
Well I posted this same deal over a year ago but it's still the same so thought I'd re-share. No brainer free money in my view... First of all... just a reminder that referral com… Read more
razk2k16

Providing the accounts have minimum if two direct debits you should be able to refer each other

stphnstevey

If you and your wife are already with them, can you refer each other to switch non-nationwide accounts to nationwide? Or is it just for people who are not with nationwide already?

Ethan_HuntszE

^This too

griffithsrush

You need to get a Turkish tax code to open an account,I got one as I bought a property there.

Mrepg

How do you get one of those ; -)

Loyalty Single Access ISA 1.4% from Nationwide Building Society
98° Expired
Posted 21st Mar 2019Posted 21st Mar 2019
Loyalty Single Access ISA 1.4% from Nationwide Building Society
Just seen nationwide are now doing a loyalty Single Access ISA at 1.4%. You can have one withdrawal every account year so better having it fixed in. You've got to be with them for … Read more
scunny

This has been on for years now, I've had one for years, nothing special.

Anon32

Apart from nationwide just closed its regular saver account. No shareholders to pay so more money for the chief executive and his cronies.

holeymoley18

Sorry, the way I read your post made me think that you didn't see the point in having instant access to cash if that meant a low rate hovering around 1.5%. Personally don't care if that's in an ISA or a current a/c, but the latter often involves a credit search whereas savings accounts dont. Also emergency finds are hopefully long term savings, therefore to have them wrapped up in a non-taxed blanket makes sense to me if the rates are basically the same.

MrKrabs

Open a bank account then. Several offer 1.5% to £5000 like lloyds, some pay 5% interest for smaller amounts. Only advantage of the 1.45% cash ISA is you won't pay tax.

holeymoley18

Everyone should aim for 3-6 months worth of outgoings in ready to access savings. The cost of liquidity is a lower rate of interest, but imo that is a sacrifice worth making. Anything above and beyond that could be 'spent' as you suggest.

12%+ off fuel at BPme garages with Nationwide Simply Rewards £5 cashback on £40
325° Expired
Posted 3rd Mar 2019Posted 3rd Mar 2019
12%+ off fuel at BPme garages with Nationwide Simply Rewards £5 cashback on £40
£5 off purchase of £40 of fuel with the BPme app when using a registered Nationwide card until the 10th March using Nationwide Simply Rewards. You can stop at £38 and still get t… Read more
ruheluddin86

I have a nationwide account but I don’t think I’m signed up to Simply Rewards, how do I confirm?

BanjoBob

You could have downloaded and used it in the time it took to write that post. It’s easy to use. Don’t like BP’s prices? Don’t use the app!

barnehurst

Do I want another fiddly app on my phone in order to save £5 off some overpriced BP petrol ? No Make it £20 off and I might consider

thedean1999

Never a genuine 12% saving unless you only use BP fuel. More like a 5% saving in reality - last time I tried to use the offer I also had an issue with the app and so filled up at the local Tesco and price was £1.17 rather than £1.23 at BP. It is still a saving but not worth the hassle.

DavidL

Check that your local BP station is participating first. None of the BP stations near me is on the list!

£5 off £40 Fuel Petrol / Diesel at BP via Nationwide Simply Rewards and BPme
210° Expired
Posted 10th Feb 2019Posted 10th Feb 2019
£5 off £40 Fuel Petrol / Diesel at BP via Nationwide Simply Rewards and BPme
£5
£5 of £40 spend on nationwide rewards:- Expires:- 23/02/19 Signin:- nationwide.visaoffers.eu/signin Offer Link:- nationwide.visaoffers.eu/offer-details/FMb5FLiFF Terms … Read more
krux19

Simply rewards is closing for good from 1st April.

red23

cool, makes this fuel only £6.50 a tank more than others

foxyuk

Bp is 4p a litre more expensive than supermarkets here. So need to be 125 litres to break even /27.5 gallons

Besford

BP is usually the most expensive fuel station in an area. Most people wouldn't save the £5 on a fill cf other brands/supermarkets.

kudos1uk

They email you a receipt following the prchase.

£15 off a £15 spend with helpling via nationwide simply rewards
270° Expired
Posted 26th Jan 2019Posted 26th Jan 2019
£15 off a £15 spend with helpling via nationwide simply rewards
£15
Helpling purchase, get a free cleaner from nationwide deals, £15 off £15 purchase, 1 per person/account Sorry usually rubbish at posting things.
hasan6958

Signed up but the page literally doesn't load for me for some reason?

beanzzzz

Believe it's available til 31st jan

hasan6958

Can't seem to find this, has it expired?

Rocknroiia

Nice edit. (strong)

Mr.P.Bear

Share £200 when you refer someone to join nationwide bank **No Referrals or Requests this Thread**
91° Expired
Posted 25th Jan 2019Posted 25th Jan 2019
Share £200 when you refer someone to join nationwide bank **No Referrals or Requests this Thread**
£200
Get £100 for you and your friend or family member when you refer them or they refer you. Do read the requirements and terms and conditions. You can refer up to 5 people per year, e… Read more
colourpie

Charity! Those swines! Actually my account is pre-1997 (ninja)

colourpie

I remember when all the building societies switched to banks and gave windfalls to customers, kept my nationwide account ever since just on the off chance the same thing eventually happens ;)

deleted2170435

I've been with nationwide for 2 years now and never had a problem with them yet.

LankyChris

A 'friend' from hukd recommended me. Once my switch to Nationwide completed they got £100 for referring and I got £100 for switching. Then I recommend my partner to join Nationwide. Once her switch competed she got £100 for switching and I got £100 for referring her, making £300 in total between me and her!

Freeyoncé

Huh?

£5 off £40 Fuel at BP via Nationwide Simply Rewards and BPme
318° Expired
Posted 20th Jan 2019Posted 20th Jan 2019
£5 off £40 Fuel at BP via Nationwide Simply Rewards and BPme
It’s come back again... Those with a nationwide account, can sign up to nationwide simply rewards free nationwide.visaoffers.eu/signin Then pay for your fuel at BP using your na… Read more
craig.baker

Not on my simply rewards either....

bebetositu

Perhaps you have used this offer before, I have used the same offer twice before, it is not on mine this time.

DavidL

Check the BP site first - none of the BP garages near me are in the scheme!! Good deal if you have a participating BP garage near you. Waste of time otherwise!!

volksdub

I had this deal on my Amex but it was £10 credit for a £40 spend. 1st time I tried it failed saying my bank had refused payment. 2nd time the pump unlocked and said leave the phone in the car and begin filling. I set it to £50 and suspected something was wrong when the pump just kept going past £50, so I checked my phone before driving off to see a message saying something has gone wrong and to pay inside the station. Went into pay but was still charged the £50 on the app & in the station. Took 7 days for the refund to take place. I have seen this offer on my first direct card and my nationwide card, but I won’t be trying again.

FlashJordan

Wow! I didn’t even know Nationwide Simply Rewards existed and I’ve been a member for years. Heat and thanks OP.

Nationwide Recommend a Friend - £100 per friend - upto 5 per year **Please don't offer or post referrals**
318° Expired
Posted 18th Jan 2019Posted 18th Jan 2019
Nationwide Recommend a Friend - £100 per friend - upto 5 per year **Please don't offer or post referrals**
If you're a Nationwide member you can earn up to £500 per tax year by recommending five friends. That's £100 per friend, when they switch to us. You're a member when you hav… Read more
Get deal*Get deal*
lanc1979

Yes - I was a mortgage customer only at first and could create referrals - they'll ask you for current account details where you want the referrals bonus paid to (can't be paid to mortgage account).

itsnotmeitsyou

A referral only involves sending your friend a link which contains a unique code so no details are shared which is obviously good. Worked well for me and I think Nationwide's app is one of the better bank apps.

lanc1979

How to talk about referrals without talking about referrals.

lanc1979

Yep I've done about 6 transfers for various folk now. I started by transferring in wife using my mortgage account (£100 for me, £100 for her), then my wife referred me for current account (£100 for me, £100 for her), then I've done various other transfer for other people (£250 and counting). Been a nice little money earner so far (y) Problem is HUKD deletes referral posts - so this whole thread is skirting a bit close to the rules, and will probably be deleted, cos no one can write what they actually want to write.

Met-Cast

Nevermind Your friend will need to:switch their main current account to a Nationwide FlexAccount, FlexDirect or a FlexPlus account

£13pm for Mobile, Travel & Breakdown @ Nationwide **Pls do not offer / request referrals**
1855° Expired
Refreshed 3rd Jan 2019Refreshed 3rd Jan 2019LocalLocal
£13pm for Mobile, Travel & Breakdown @ Nationwide **Pls do not offer / request referrals**
£13
I thought this was a good deal £13 per month - mobile phone cover - world wide travel insurance inc children - breakdown cover from home If you open a joint account it’s the… Read more
Get deal*Get deal*
razk2k16

Hasn't Martin Lewis said that most institutions on the high street will be going that way as they can't charge separate for unarranged and arranged overdraft. Or something along them lines.

BangingHotDeal

Depends how you look at it, 39.9% isn't too bad compared to £1/£2 a day if you only owe them a small amount There are people paying £30 a month to lend £100 overdraft £360 per year and using £100 per month so only ever borrowing £100.

merlinthehappypig

And that they have removed the 3% interest from the first £2500 balance. I don't ever use my overdraft, but the fact that they feel that as a member run building society they can charge 39.9% interest is disgraceful. It's worse than some of the dodgy credit cards. I've been with them 20 years, but moving now.

dazruk

You failed to mention the overdraft charges

azzakidiwala

Few changes from 1st November 2019: Staying £13pm Cover handsets up to £1500 iPhone - Excess is £75 breakdown & £125 loss/theft Non iPhone - £50 breakdown & £100 loss/theft

Nationwide switch your mortgage for £100 cashback - existing customers
-118° Expired
Posted 2nd Dec 2018Posted 2nd Dec 2018
Existing nationwide mortgage customers are able to switch their rate online and get £100 cash back per account paid within 1 month of the switch taking place. If you are on a fixe… Read more
Get deal*Get deal*
cheekyweegit

i took out tracker mortgage a year past August and got £500 as a first time buyer. The Bank of England rates went up so my Mortage was due to go up in December 2019. I just happened to check their website and they had as slightly cheaper tracker mortgage. I went into my local branch and asked if I would be able to swap to the new rate given I'd only made two payments to my new mortgage and they said yes plus I'd get the £100 switching bonus you refer to. So that was me £600 up just before Christmas. The rates changed again and my so did Nationwide, as they had a slightly cheaper rate again so clicked a few buttons and changed again. Yip £100 cash back again. I only had my mortgage a year and I ended up with an interest free mortgage when you take the cash back into account plus money in my pocket. Ok it wasn't a large mortgage compared to many but still scary to me. So I don't think there is any limits as to how often you can switch on a tracker as I certainly had no problems and the staff at my local encouraged me. No sign of additional credit checks either. Hope this helps.

bobcoyle77

Nationwide by default pay £100 for each account switched. There was a thread a while back and one chap had 5 accounts. If your fixed is due to end they pay £100 to swap to penalty free tracker and again of you then swap into a fixed later down line.

bobcoyle77

Sean, you've missed my point my friend. You would have got cashback from broker and Nationwide. Like I did, this is what I was implying. Thanks for posting and spreading the savings! All the best.

seancharles

Yeah I have looked but if you are switching between trackers it'll work, but it makes it pointless if you choose a product with fees. Its an interesting proposition and to be honest if they drop the 2 year tracker I'm going to give it a go and see if I get it again

karina80

I wonder how often you can get this. If your in a tracker you could technically switch a few times a year if the rates hold. Perhaps it’s capped at once a year. Could prove an interesting loophole.

1% cashback from ao.com on next purchase (Nationwide Visa offers)
-34° Expired
Posted 23rd Nov 2018Posted 23rd Nov 2018LocalLocal
1% cashback from ao.com on next purchase (Nationwide Visa offers)
Terms and conditions: To redeem this offer, you will need to make a purchase at ao.com. Offer valid for one purchase completed online. Reserving online and paying in-store will no… Read more