To go or not to go with natwest

moneychristy

Hi this is my first post,

I am probably going to sign up with Natwest tomorrow on a (non banking,I bank elsewhere) tracker rate of 3.69percent. Borrowing about 135k with an ltv ration of about 66%.

I am using natwest because they offer almost 5 times salary and seem straight forward, they aren't slow in putting there figures out there. Thats the first thing a person looks for how much can i borrow, why dont BS's just say at the start.

Is Natwest OK do they have any scary hidden charges.

is it worth me looking at anyone else?

Have looked at co-op and post office but cant achieve near the 5 times salary ratio.

many thanks for your time.

Conrad

Madness.

They are partly state owned, and part of the dire RBS 'Fred The Shred' group.

People hate Banks - read the news headlines. They have shareholders who long term want your money.
A strong chance they could be sold off to the highest bidder.

Plus what about the last weeks IT meltdown - is this of no concern to you?

Why not go with a small lovely Building Society - tends to work out better all round in the long run and they even employ real people!

Everyday people in media interviews say they hate Banks and yet when all said and done many of you still seem to want to use them.

Dave_Ham

There are other "banks" that offer 5 times income multiples without the current chaos at Natwest and on better terms too..

They may or may not be suitable for you, so not just going to name drop them but certainly not Accord, Nationwide, HSBC, First Direct or many of the building societies.

Good luck

Wh05apk

Conrad wrote: »

Madness.

They are partly state owned, and part of the dire RBS 'Fred The Shred' group.

People hate Banks - read the news headlines. They have shareholders who long term want your money.
A strong chance they could be sold off to the highest bidder.

Plus what about the last weeks IT meltdown - is this of no concern to you?

Why not go with a small lovely Building Society - tends to work out better all round in the long run and they even employ real people!

Everyday people in media interviews say they hate Banks and yet when all said and done many of you still seem to want to use them.

Love them or hate them, is irrelavant, you have their money "IF" they are sold the new lender will keep the same terms.

Do you think no other lender could have IT issues? I am sure RBS will now be making sure nothing like that ever happens again.

With regards to small building societies, lovely idea, but realistically few if any will do 5x income as the OP requires.

Reluctantly Woolwich "may" have a better deal if you are chasing rate.

moneychristy

many thanks, all,

agree that building socities tail off at about 3.25 salary.

Will have a look at the woolwich.

I dont hate banks, I dislike personal debt.