Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • charco
    • By charco 17th Jul 17, 7:43 PM
    • 39Posts
    • 14Thanks
    charco
    Porting query - losing will to live with Nationwide
    • #1
    • 17th Jul 17, 7:43 PM
    Porting query - losing will to live with Nationwide 17th Jul 17 at 7:43 PM
    We're currently porting our existing mortgage and borrowing a little bit extra for our new house. Nationwide advised there would be 2 mortgages - 1 for the existing mortgage and 1 for the new. As the existing mortgage is still on a deal this would be on a slightly higher interest rate until the deal expired. We'd then have to sort out a new deal in a few months when that expired. All fine.

    Offer comes through and they have the current mortgage marked as being on the standard rate (3.74%). I'm assuming this is an error but now concerned. We're supposed to be moving in a few weeks...

    Anyone got any ideas?
Page 1
    • dimbo61
    • By dimbo61 17th Jul 17, 7:53 PM
    • 9,500 Posts
    • 5,150 Thanks
    dimbo61
    • #2
    • 17th Jul 17, 7:53 PM
    • #2
    • 17th Jul 17, 7:53 PM
    Phone call in the morning with your mortgage details to hand
    • glosoli
    • By glosoli 17th Jul 17, 7:57 PM
    • 666 Posts
    • 384 Thanks
    glosoli
    • #3
    • 17th Jul 17, 7:57 PM
    • #3
    • 17th Jul 17, 7:57 PM
    Under section 4 of the offer document, under product description and the rate, is that bit incorrect?
    • charco
    • By charco 17th Jul 17, 8:11 PM
    • 39 Posts
    • 14 Thanks
    charco
    • #4
    • 17th Jul 17, 8:11 PM
    • #4
    • 17th Jul 17, 8:11 PM
    Yep. Section 4 originally advised the existing mortgage would continue on its current rate until the product expired.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

644Posts Today

5,895Users online

Martin's Twitter
  • RT @LordsEconCom: On Tuesday Martin Lewis, Hannah Morrish & Shakira Martin gave evidence to the Cttee. Read the full transcript here: https?

  • Ta ta for now. Half term's starting, so I'm exchanging my MoneySavingExpert hat for one that says Daddy in big letters. See you in a week.

  • RT @thismorning: Can @MartinSLewis' deals save YOU cash? ???? https://t.co/igbHCwzeiN

  • Follow Martin