The Nationwide Building Society is the largest British building society in the world.  It started out in Wiltshire in 1846, then Northampton in 1848 and then inside the co-operative group in 1883 in London. During its lifetime there have been well over 100 mergers with one of the largest and most important in 1987 with the Anglia Building Society. The Nationwide is the 3^rd largest UK mortgage lender and savings provider.  The society has members, not shareholders.

The Nationwide Building Society merged in August 2007 with the Portman Building Society thus producing a mutual association with assets greater than £160bn.

It’s headquarters are based in Swindon, England and has management centers in Bournemouth and Northampton.   The Nationwide Building Society is a member of the Building Societies Association as well as the Council of Mortgage Lenders.   The society has nearly 700 branches and is a major giver of mortgages in the United Kingdom.

The Nationwide Building Society offers mortgages for first time buyers, fixed or tracker mortgages, standard and base mortgages and repayment or interest only mortgages.

Below are examples of a couple of online mortgages and their rates offered by Nationwide Building Society.

A 2-year Fixed Rate mortgage (this example is for a loan of £50,00 on a property value of £300,000 – monthly payment would be £2,155.48)

• Fixed payments for a two year period (no change in payments for this period of time)
• Initial rate of 3.29%
• Payable fees £499
• Early repayment charge is applicable for overpayments above £500 in a month or if a customer leaves the deal early
• Product fee includes a discount of £500
• The rate changes to their SMR (Standard Mortgage Rate) when the two year term ends which currently is 3.99%

Tracker mortgages – A tracker mortgage has its interest rate linked to the Bank of England Base Rate and this means that your mortgage repayments can increase or decrease as the Bank of England Base Rate changes.

Below is an example of a tracker mortgage offered by the Nationwide Building Society.

Tracker Mortgage – two-year term (this example is for a loan of £50,00 on a property value of £300,000 – monthly payment would be £2,151.05)

• The rate of interest tracks the Bank of England Base Rate by a set percentage for 2 years referred to by the Nationwide Building Society as Base rate differential.
• Initial rate of 3.09%
• Payable fees £499
• Early repayment charge of 2.5% is applicable for the first two years if overpayments above £500 in a month are made or if a customer leaves the deal early
• Product fee includes a discount of £500
• The rate changes to their SMR (Standard Mortgage Rate) when the two year term ends which currently is 3.99%

The Nationwide Building Society has a wide variety of mortgages to offer and has a well respected name.