Mortgage Minds-Typical rates- 26 January 2006

This information does not contain all of the details you need to choose a mortgage. Make sure that you read the separate key facts illustration before you make a decision. Please note that no specific advice or recommendation is being made on this website.

Initial Interest Rate	4.39%
Interest Rate Type and Period	Bank of England Base Rate less 0.11% for 2 years
Interest Rate(s) Following Initial Rate	Reverts to Lender's Standard Variable Rate applicable at the time (currently 5.89%).
The overall cost for comparison is	5.8 APR
Early Repayment Charges	Tapered early repayment charges: 2% of the amount repaid in year 1; 1% of the amount repaid in year 2
Maximum Loan-to-Value	90%
Valuation Fee	Typical charge £295 for purchase customers. A valuation fee is not payable for remortgage customers.
Lender Arrangement Fee	£599 reservation fee for purchase and remortgage customers. An additional £99 administration fee is payable by remortgage customers.
Higher Lending Charge	A higher lending charge is not payable.
Compulsory Insurances	None
Interest Charged	Daily
Other	Free Valuation (for remortgage customers) When you transfer your mortgage to Nationwide they will check the value of their property and cover the cost, so you don't have to pay a fee. Free Legal Fees Scheme (for remortgage customers) Nationwide will pay the legal fees in connection with a straight-forward remortgage of registered land. However, you should be aware that you will be required to pay all the charges or fees relating to any non-standard work that a conveyancer has to carry out. These include mining or any other unusual search fees, fees for first registration of the title at HM Land Registry, dealing with a change of name on the title deeds or a transfer of equity and the rectification of defective title etc. For leasehold cases, any fees must paid to the freeholder or management company and any fee for carrying out a company search or obtaining company documentation in respect of the management company are not included. The solicitor chosen will be acting for Nationwide, so if you decide not to use the solicitor selected by them and/or take independent legal advice, this will not be covered under the scheme.

THE ACTUAL RATE AVAILABLE WILL DEPEND UPON YOUR CIRCUMSTANCES. ASK FOR A PERSONALISED ILLUSTRATION. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. THERE WILL BE A FEE OF UP TO 1.5% FOR MORTGAGE ADVICE. THE PRECISE AMOUNT WILL DEPEND UPON YOUR CIRCUMSTANCES BUT WE ESTIMATE THAT IT WILL BE 0.75% OF THE LOAN VALUE