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Nationwide ftd ending
whiskers
Posts: 25 Forumite
Hi had a leter from nationwide informing me that my 2 year FTD ends 31 Aug 2011. If the mortgage was taken out before 29 Aug 2009 I would go on there BMR if later thrn SVR. A chap on the phone said I would go ontheit SVR , but looking at my records my first payment was 15th Sept 2009, so surely this mortgage would have been reserved /set up before 29th Aug 2009?
In either case thinking fix for 3 (3.69) or 5 years (4.59)?, or Offset?
Nationwide are offering potentially 400 pounds cashback to tie into another FTD?....Couold anyone advise on the way to go please?
In either case thinking fix for 3 (3.69) or 5 years (4.59)?, or Offset?
Nationwide are offering potentially 400 pounds cashback to tie into another FTD?....Couold anyone advise on the way to go please?
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Comments
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Hi had a leter from nationwide informing me that my 2 year FTD ends 31 Aug 2011. If the mortgage was taken out before 29 Aug 2009 I would go on there BMR if later thrn SVR. A chap on the phone said I would go ontheit SVR , but looking at my records my first payment was 15th Sept 2009, so surely this mortgage would have been reserved /set up before 29th Aug 2009?
In either case thinking fix for 3 (3.69) or 5 years (4.59)?, or Offset?
Nationwide are offering potentially 400 pounds cashback to tie into another FTD?....Couold anyone advise on the way to go please?
There are several options for you, but no-one should be advising you on here without knowing your full financial circumstances.
An independent adviser is your best bet, who will find out more about you, and give you feedback on the options not only with Nationwide but also elsewhere.:A Born a Saint, always a Saint!I am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
You also need to check with Nationwide which rate you do go onto BMR at 2.5% or SVR at 3.99%.
When did you move in and complete on the property?
Take a long term view ! are you planning on staying for next few years?0 -
As TS has already stated no one should be telling you what to do unless they have sat down with you and done a full financial statement!
Income, job and job security, savings, kids, deposit/equity in property, long term plans etc!!!!
I like the security of a long term fix and rates have not been this low in a very long time and I also have an offset mortgage but this may not suit you at all GOOD LUCK0
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