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Natwest offering 100% Mortgages to Existing Customers
adr0ck
Posts: 2,374 Forumite
I've heard that Natwest are offering 100% mortgages to existing customers......anyone got any info on this..............is it true? 
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If it is, The UK taxpayer should ask for its 20 billion pounds back from RBS0
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If it is, The UK taxpayer should ask for its 20 billion pounds back from RBS
Actually, the reason the government gave our bunch of British banking failures all that money and committed themselves to untold amount of future liabilities was precisely so that banks would offer crazy loans like this.....
Any normal bank that was run as a private business would go bust if it loaned like that in this economic climate - but the government has deep pockets and will shortly be printing as much new cash as it needs.
So - could be true, wouldn't be a surprise. Something like that has to be in the future for our nationalised banking washouts.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
Call them and ask?Kavanne
Nuns! Nuns! Reverse!
'I do my job, do you do yours?'0 -
Nationwide is now offering 95%, plus there was an unexpected rise in consumer spending.
Green shoots?
#Things can only get better...#0 -
I've heard that Natwest are offering 100% mortgages to existing customers......anyone got any info on this..............is it true?
So according to brit1234 we are now at the rock bottom of house prices! Wow and I thought he was a bear but he is calling the bottom of the market now! What a bull!
http://forums.moneysavingexpert.com/showthread.html?t=1357201
Personally I think there is some way doown to go yet0 -
So according to brit1234 we are now at the rock bottom of house prices! Wow and I thought he was a bear but he is calling the bottom of the market now! What a bull!
http://forums.moneysavingexpert.com/showthread.html?t=1357201
A bit early for that, but you can bet that Broon and Darling are leaning on the banks to do this kind of thing. No doubt they see restoring confidence in house prices as a key lever in getting people spending. They are probably right - but I would really stress that I don't think this is a good thing. We could only be a few months from 100% mortgages at 5%.18 May 2007 (start of Mortgage):
Coventry Offset Mortgage £220800
Offset Savings: £0
Mortgage Balance: £220,800
14 Jan 08
Coventry Offest Mortgage: 219002
Offset Savings: 28200
Mortage Balance: £190802
And still chucking every spare penny into it!0 -
amcluesent wrote: »Nationwide is now offering 95%, plus there was an unexpected rise in consumer spending.
Green shoots?
95% at a rate of 7.18%, which is 5.18% above BoE base rate. On a falling asset, the lenders want a lot more money for the risk they are taking.
http://forums.moneysavingexpert.com/showthread.html?t=1359635RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
Read the sticky on the House Buying, Renting & Selling board.0 -
MissMoneypenny wrote: »95% at a rate of 7.18%, which is 5.18% above BoE base rate. On a falling asset, the lenders want a lot more money for the risk they are taking.
http://forums.moneysavingexpert.com/showthread.html?t=1359635
they don't care as long as you can pay your mortgage....they have alot to make up for now after all those reposessions.....wait until next year when things really pick up...as in job losses and more reposessions....its going to get crazyIf you find yourself in a fair fight, then you have failed to plan properly
I've only ever been wrong once! and that was when I thought I was wrong but I was right0 -
I'm only joking I suspect that it will not be real 100% mortgage available to the general public, how could it be in a falling market. I think it might have something to do with the article in yesterday's metro about some FTB scheme that is giving 100% mortgagesHammersFan wrote: »A bit early for that, but you can bet that Broon and Darling are leaning on the banks to do this kind of thing. No doubt they see restoring confidence in house prices as a key lever in getting people spending. They are probably right - but I would really stress that I don't think this is a good thing. We could only be a few months from 100% mortgages at 5%.0 -
Great - just the news i wanted to hear! I cannot wait to claim a 100% mortgage.
:rotfl:
Oh hang on, i am not 6 foot 2 inches, do not work on a Sunday, my name is not Theobald and i do not take my summer holidays in Baghdad.
That'll be me not qualifying then. 0
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