Customers will now be able to select any mortgage product and benefit from fee-free standard valuations, available both direct from Nationwide and through intermediaries and saving the average house purchase customer around £200.
Those customers opting for a more detailed Nationwide Homebuyers Report will now pay a reduced top-up fee, depending on the overall value of the property on a sliding scale, starting from £150.
Nationwide is also launching a new 2 year 90% LTV Save to Buy tracker mortgage at 2.49% with a £999 fee and 2.89% with no fee. With the whole prime mortgage range now available to combine with the Flex main account cashback, the previous 3 year Flexclusive tracker and 4 year fixed rate products will be withdrawn.
The aim is to help mortgage customers by removing upfront costs associated with making a home purchase. All first time buyers can access a £500 cashback once they have completed their purchase, while remortgage customers are offered free standard legals or a £250 cashback.
Henry Jordan, Nationwide’s Head of Mortgages, said:
“We have been looking for new ways to help customers buying a home or moving house, and we know that the upfront costs of moving can be an extra burden. The removal of all standard valuation fees from all mortgage transactions will aid both existing home movers and first time buyers, who will also benefit from a £500 cashback on all mortgage products.
“In addition, all Nationwide main current account holders will be rewarded with an additional cashback of £250, adding considerable value to the mortgage deal and further assisting customers with the costs of a home purchase.”
