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Nationwide's Save to Buy Account/Mortgage
Comments
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By the time you're ready to buy, Help To Buy - Mortgage Guarantee will have started, so you should have more lenders in the 90%+ pool.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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Thanks, Kingstreet.
Do you foresee a bump in property prices when this happens? Should I scrimp and save a little more and try and buy before the mortgage guarantee begins so as not to be competing with a larger pool of FTBs?
Thanks.0 -
Not a clue.
I imagine that would depend on where you are looking and if increased activity tempts more reluctant sellers to market.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
OK,
Finally, sorry for all the questions. As someone with experience, does our desired mortgage seem appropriate in relation to our income? Obviously I didn't go into huge amounts of detail but just an indication would be useful.
thnx0 -
Hi. This is my first post - I am moving it from another Save to Buy thread, as this one seems to cover more about the Decision in Principle and application processes.
I have what is probably a silly question, which I should have asked the mortgage advisor at Nationwide during my appointment...
I recently received my Save to Buy Decision in Principle. How do I actually make an offer for a property? Do I do this before the formal application process? I ask as this is what I expect, but I'm aware that Nationwide will appoint a solicitor following the application, and I'd have expected my offer to be submitted by a solicitor on my behalf.
Grateful for any advice!0 -
Hello all,
I am looking to start saving for a mortgage and this Save to Buy looks like my best option. I am looking to save between £500-£800 pcm and hope to have enough to buy in 2 years time. My question is to do with previous bad credit. I made myself bankrupt in 2010 due to a bad business venture, but i have now cleared my debt payments and have no other debts/credit issues. Will this affect me when i come to apply? Has anyone got any tips/ideas about what i should be doing now to help my application in the future? I have a meeting with the advisor on Wednesday the 18th, so any advice before then would be great!0 -
I got accepted using this account 5 years after discharge from bankruptcy. Nationwide say they will consider ex bankrupts after 3 years so you may be ok0
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