Nationwide fees

lb364

Hi,

I'm sure this must have been asked before but couldn't find it.

I applied for a Nationwide mortgage last year and it is due to expire soon. I paid £99 upfront with £400 of fees to be added to the mortgage. Obviously I will lose the £99 if it expires but will I have to pay the £400?

This is the wording from their website so I'm hoping not: Fees payable include a product fee of £400 plus a non-refundable, upfront booking fee of £99. The product fee can be paid upfront or added to the loan, but if you add this fee to your loan you will be charged interest on it during the term of the loan.

Can anyone confirm for me?

Thanks

Crashandburn

As long as you have only paid the £99, then that's all you'll lose. The £400 will only be charged once you take up the option