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Nationwide SVR - is this possible?
Milarky
Posts: 6,356 Forumite
http://www.nationwide.co.uk/intermediaries/mortgages/remortgages/remortFlexbenBorrow.htm
I have £1 mortgage with Nationwide (which was taken out as a variable rate 'interest only' mortgage in 1987 - so there are 2.5 years of that original term left) Does 'borrow back' apply in these circumstances and (more importantly) is there a fee for it?
(2.5% 'borrowing' looks a possible arbitrage opportunity)
[Duplicate post from Savings and Investments board]
Update: I called them and asked what I would be allowed to borrow (as I had no idea really) - £285!! Well, needless to say, I did not press on for any further details...
I have £1 mortgage with Nationwide (which was taken out as a variable rate 'interest only' mortgage in 1987 - so there are 2.5 years of that original term left) Does 'borrow back' apply in these circumstances and (more importantly) is there a fee for it?
(2.5% 'borrowing' looks a possible arbitrage opportunity)
[Duplicate post from Savings and Investments board]
Update: I called them and asked what I would be allowed to borrow (as I had no idea really) - £285!! Well, needless to say, I did not press on for any further details...
.....under construction.... COVID is a [discontinued] scam
0
Comments
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Don't take the whole pound out in one go or you will have no mortgage left................................I have put my clock back....... Kcolc ym0
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Robert_Sterling wrote: »Don't take the whole pound out in one go or you will have no mortgage left.
Classic!:rotfl: :rotfl: :rotfl:Target acheived: _party_ Mortgage offset in June 2012!_party_Mortgage = -£98Endowment = £0Investments = £40,247[STRIKE]Deficit[/STRIKE] / Surplus = £40,149(at 22/09/2017)"Don't spend then save, save then spend!"0
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