Earlier this year, we confirmed that we'd soon be providing all intermediaries with access to our full range of switcher products. In recognition of your support, we also committed to paying a procuration fee for retention business.
We're now pleased to announce that from today, Monday 21 August, you'll be able to complete a rate switch on behalf of your client using NFI Online. And, for all Nationwide switcher applications submitted, we'll be paying a gross procuration fee of 0.20% via your usual Mortgage Club or Network.
Rewarding existing member loyalty
As a building society owned by its members, we remain committed to prioritising member benefits and loyalty. So, we're also pleased to confirm that existing Nationwide mortgage members looking to switch with us, will exclusively receive:
Below you'll find the latest copy of the product guide which now includes the new switcher products.
If you have any further questions please take a look at our FAQs, alternatively please contact your BDM.