Nationwide Mortgage Review
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From 1 rating and 19 reviews
53% of users recommend this product
boltonus's Review of Nationwide Mortgage
16th Jan 2004
Overall Rating
- Value for money

Building society therefore reinvested profits
Demutualisation very unlikely
Some of the best rates on the high street
Tracker good in a low interest rate enviroment
Professional and efficient
Bad Points
Sometimes hard work getting an appointment
The range of mortgages can be overwhelming
If the interest rate rises significantly the tracker isn't the best one to have
General Comments
Getting a mortgage for the first time is an overwhelming experience. I did a bit of background work by reading 'What Mortgage' and had virtually picked which one we were going to have anyway. Getting an appointment with Nationwide Building Society was a little difficult even though you want to borrow vast amounts of money !
I liked the Nationwide because they were a building society and I think this works in the interests of the customer as profits are reinvested. I also liked them because they made you sign a clause saying if they did demutualise then the shares would go to charity - thus deterring potential carpetbaggers. They have some of the best rates on the high street with my mortgage being only 0.09% above the Bank of England Rate. I have no problems recommending them as a company and I envisage myself stopping with them - although you have to continually shop around !
On average, people found this review very helpful
Members' Comments onboltonus's Review
jj bullions on 22nd Oct 2005
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They may be a good building society, but should leave banking to people who know how to treat customers.