Nationwide Mortgage Comparison Calculator

Compare the best mortgage deals to Nationwide using our comparison calculator below. Best rates for mortgage finance products.

Still the biggest building society in the world, Nationwide is owned by and run for the benefit of its members. Providing an extensive range of services, including savings accounts, mortgages, secured loans, insurance, corporate deposit accounts, personal loans, credit cards, insurance products, and products offered by subsidiaries of the society, such as The Mortgage Works UK, Nationwide has a loyal following of millions of customers across Great Britain.

Mortgage Finance from Nationwide bank

An online mortgage calculator is very simple to use. So much so that within seconds you will know how much the repayments will be. This is based on the interest rate, how much you need to borrow, and the overall mortgage term.

Commercial Mortgages from Nationwide

Business mortgages are designed for individuals and companies purchasing or remortgaging a property to be used as business premises. Business mortgages are also available on mixed-use properties, i.e., part commercial, part residential.

Business Mortgage Types

Commercial mortgages can be used for three purposes:

Owner-occupied – Commercial mortgages for owner-occupiers typically are for two business situations: either a business is planning on buying the property where they operate out of, or it’s planning on buying a brand-new property to relocate to.

Residential buy-to-let Another common scenario for commercial mortgages is the purchase of residential property to be let out. This is usually used by landlords, along with buy-to-let limited businesses established for the exact same purpose.

Commercial buy-to-let Much like residential buy-to-let, you can use commercial mortgages for commercial buy-to-let as well. As an example, you may want to buy a storage facility through your company and let it out to another business. Although this type of mortgage is like a residential buy-to-let, the lender will look at different factors because, in general, it’s a lot more difficult to rent out commercial properties.

Buy-to-Let Mortgages from Barclays

To be able to take out a buy-to-let mortgage from Barclays, you have to meet certain criteria. You must be at least 21 years old, and all joint applicants have to be 18 or older. Up to four people can apply together as long as you are not working for a company. Each property can have up to £2 million borrowed against it, with £3 million in total loans from Barclays and £4.5 million across total lenders. Borrowers can have up to six rental properties with mortgages through Barclays and ten total from all lenders.

Deciding How Much to Borrow

Using a buy-to-let mortgage calculator, you can decide how much you are going to be able to borrow when you are deciding on a new purchase. Bear in mind that the rent will need to cover not only the amount that you owe Barclays but also other expenses associated with being a landlord, including tax law changes, rising interest rates, and maintenance that needs to be performed.

Consider Remortgaging

If you have a buy-to-let property with another lender and are not happy with your terms or rates, then it is easy to move the mortgage to Barclays. Compare rates online to see if you will be enjoying a better deal.

The rate that you will pay on your buy-to-let mortgage will vary depending on a few factors, including the loan value, the arrangement fee, and the length of the mortgage. All customers looking for a buy-to-let mortgage from Nationwide can only obtain financing if they have 10 or fewer buy-to-let properties mortgaged. The maximum loan-to-value of buy-to-let properties increases as the loan amount decreases.

The minimum amount for a buy-to-let loan through Nationwide is £25,001, and the property has to have a value of at least £50,000 to be considered for this use.

The minimum age for all landlords is 21. First-time landlords and experienced landlords who have a loan to value over 65% can’t be older than 70 at the time of application, while experienced landlords who have a loan to value 65% or less at the time of application have no maximum age limit.

Help-to-Buy Loans from Nationwide

Help to Buy is a government scheme that can help first-time buyers get a property with just a 5% deposit.

There are two ways you can benefit from the Help to Buy scheme:

  • Mortgage guarantee: where the government promises your lender that it will cover part of any losses that they might sustain as a result of the mortgage not being repaid.
  • Equity loans are where the government lends first-time buyers and existing homeowners’ money to purchase a newly built property.

Mortgage Calculator

A mortgage is an enormous financial commitment, so you have to understand exactly how much it’ll cost you. The most convenient way of doing this is to use a mortgage calculator online, which lets you work out what your payments will be, whether you’re a first-time buyer, moving home, remortgaging your property, or applying for a buy-to-let mortgage.

Even if you’re an experienced investor or a first-time buyer, an online mortgage calculator can help you find out those all-important figures that will enable you to plan your repayment strategy.

The calculator, also known as an APR or re-mortgage calculator, can be used for various mortgages, from buy-to-let to first-time buyer mortgages.

Always be sure that you’re aware that the results on offer are only an indication of how much you’ll need to pay back each month.

Let our AI software compare rates for mortgage products against high-street banks and other institutions:

Main Stream Banks
Barclays Halifax
HSBC Lloyds Bank
Martin Lewis Nationwide
NatWest Post Office
RBS Santander
Shawbrook Bank Skipton Building Society
Tesco Together Money
UK Bridging Loans Yorkshire Bank