Your Nationwide Building Society mortgage rate is coming to an end and that means you have a choice to make. You can accept whatever deal Nationwide puts in front of you, or you can use an FCA-regulated broker to compare your options, secure the most competitive rate available, and earn cashback in the process. At Rate Switch Rewards, we handle the entire Nationwide Building Society product transfer on your behalf at no cost to you.
What Is a Nationwide Building Society Product Transfer?
A product transfer is when you move from one mortgage deal to another with your existing lender, Nationwide Building Society, without changing the loan amount or the lender itself. There is no need to reapply for a mortgage, and in most cases the process takes less than 15 minutes. It is one of the most effective ways for existing Nationwide customers to reduce their monthly payments when their current fixed or tracker rate expires.
Key Things to Know About Nationwide Building Society Product Transfers
- You can arrange your Nationwide Building Society rate switch up to six months before your current deal expires. Nationwide allows you to reserve a new rate up to six months before your current deal expires — one of the most generous windows in the market.
- There are no legal fees, no valuation fees, and no arrangement costs you have to pay upfront, though some rate products carry optional product fees which can be added to the mortgage balance
- Nationwide offers a range of fixed-rate and tracker products for existing customers, covering residential and buy-to-let mortgages
- Nationwide does not run a new credit check for a standard product transfer. The switch is based entirely on your existing account status.
- Nationwide is the UK’s largest building society and one of the biggest mortgage lenders in the country. Their product transfer process is fully digital and highly efficient, with instant offers available in most cases.
Calculate Your Rate Switch Cashback Reward
Use our cashback calculator below to see exactly how much you could earn by switching your Nationwide Building Society rate through Rate Switch Rewards. The reward is paid directly to your bank account once your new mortgage completes.
How Long Does a Nationwide Building Society Product Transfer Take?
In most cases, a straightforward Nationwide Building Society product transfer can be completed the same day. Once we access your account details, we identify the available product options, email them to you for review, and submit the application once you have chosen your preferred rate. A mortgage offer is typically issued immediately.
If your transfer involves additional borrowing, a change to your mortgage term, or a switch to interest-only repayment, extra checks may be needed. We will let you know at the outset whether any of those factors apply to your case.
Can I Borrow Extra Money with a Nationwide Building Society Product Transfer?
Yes — Nationwide allows existing mortgage customers to apply for additional borrowing. Subject to affordability and LTV, this can sometimes be processed at the same time as the product transfer.
Why Switch Through Rate Switch Rewards Rather Than Direct?
Many borrowers go directly to their lender when their rate expires. The problem is that Nationwide has no obligation to offer you the most competitive deal available. As a whole-of-market broker, we compare Nationwide’s product transfer rates against every available option. If staying with Nationwide is your best move, we will confirm that with the numbers to back it up.
There is another risk in going direct. If you accept a rate today and rates fall before your new deal starts, you could end up paying more than necessary. We monitor rates on your behalf and will cancel and replace your accepted rate with a lower one if one becomes available before completion. That is something you simply cannot get by dealing with Nationwide directly.
Benefits of Completing Your Nationwide Building Society Product Transfer Through Us
- Whole-of-market comparison — we check Nationwide’s rates against all available deals on the market
- Cashback paid directly to your bank account once the mortgage completes
- Rate monitoring — if rates drop after you accept a deal, we switch you to the lower one automatically
- No credit check required for a standard product transfer
- FCA-regulated advice — we are an Appointed Representative of Rosemount Financial Solutions IFA Ltd, FCA ref 535515
- Free service — we are paid by the lender, not by you
The Nationwide Building Society Product Transfer Process Step by Step
- Share your details with us: Your Nationwide mortgage account number is on your annual mortgage statement. It is an 11-digit number that also appears in the Nationwide banking app if you have online access. We use this to access your current mortgage account and review the available product options.
- Receive your quotes: We will email you a clear comparison of the rates Nationwide is offering, alongside any better deals available on the wider market, so you can make a genuinely informed decision.
- Choose your rate: Once you have decided which product suits you best, simply let us know and we will submit the application on your behalf.
- We monitor your rate: After acceptance, we watch the market. If a lower rate becomes available before your new deal starts, we cancel the existing acceptance and secure the better rate for you.
- Cashback paid to you: Once your new Nationwide Building Society mortgage completes and we receive our adviser fee from the lender, we pay your cashback directly into your bank account.
How Can Rate Switch Rewards Help with Your Nationwide Building Society Product Transfer?
We are a team of FCA-regulated mortgage advisers specialising in product transfers and rate switches. We work with over 30 lenders including Nationwide Building Society, and we use specialist software to compare products on a like-for-like basis, taking into account not just the headline rate but also arrangement fees, early repayment charges, and term length.
If you are unsure whether a product transfer is the right move, or whether remortgaging to a new lender would save you more, we will give you an honest answer. Our job is to find you the best deal.
Ready to find out how much your Nationwide Building Society product transfer could earn you? Use the calculator above or complete our short form and we will be in touch.
Your home may be repossessed if you do not keep up repayments on your mortgage. The Financial Conduct Authority does not regulate some forms of buy-to-let mortgages.
Related Guides
- Everything You Need to Know About Rate Switches
- Can I Do a Rate Switch on an Interest-Only Mortgage?
- Is a Credit Check Needed for a Mortgage Rate Switch?
- Halifax Product Transfer Guide
- HSBC Product Transfer Guide
Nationwide Product Transfer vs Remortgaging: Which Should You Choose?
A Nationwide product transfer keeps you with the same lender on a new rate, with no new affordability assessment and usually no fresh valuation. A remortgage moves your mortgage to a different lender entirely, which opens up the whole market but adds a fuller application process. Neither option is automatically better – the right choice depends on your circumstances, not a fixed rule.
When a product transfer usually makes sense
If your income, employment situation or credit profile has changed since you last took out a mortgage, a product transfer avoids a fresh affordability check that could otherwise complicate things. It also tends to be quicker to arrange, since Nationwide already holds your payment history and does not need to reassess it from scratch.
When it is worth comparing the wider market
If your circumstances have improved – for example your loan-to-value has fallen because your property has risen in value or you have paid down capital – you may qualify for better rates elsewhere than Nationwide is offering existing customers. This is exactly the comparison an FCA-regulated broker can run for you before you commit either way.
What to check before deciding
Compare the full cost, not just the headline rate: arrangement fees, any exit charges tied to your current deal, and the length of the new term all affect the real cost of either route. A product transfer with a higher fee can end up costing more than a remortgage with a slightly higher rate, depending on how long you plan to stay in the deal.
Getting a like-for-like comparison
Because we compare Nationwide’s own offer against the rest of the market at the same time, you see both options side by side before deciding. There is no obligation to proceed with either route, and no cost to you for the comparison itself.
Timing your Nationwide switch
Nationwide typically lets existing customers book a new rate up to six months before the current deal ends, without paying an early exit fee for switching early. Booking within this window is usually the safest way to avoid slipping onto the standard variable rate, which is normally higher than any fixed or tracker deal on offer.
