Nationwide save to buy

amn_2

kingstreet wrote: »

If you don't want an increased mortgage, you can port upto 95% with NRAM, if that was the percentage of your original mortgage.

I didn't realise they would let you port, unfortunately we need more though so it'll have to be a new application. Thanks for the advice though. Do you have any better suggestions than nationwide for a 90% mortgage? I realise the market will probably change a lot by the time we can buy but it's good to know who to look for.....

highguyuk

The S2B scheme allows mortgates between 85-95% from memory, so even if you're at 90% you're eligible to qualify.

None of this was explained to me when I asked in branch. I'm looking for a mortgage and the cashback appealed. I even went through mortgates with her at 75-80% LTV at the time as a FTB.

Currently, I'm paying in the minimum £50 a month into the account so that I can use it just in case. Seems a no brainer to have the account on this basis.

Farside

My credit report is excellent and i was turned down for the 95% save to buy nationwide mortgage

Darth_Lemsip

Lomast wrote: »

Does anyone know of any schemes similar to this but that dont penalise interest for higher amounts?

We are hoping to buy in the next 12mths and i wasnt aware of this account till i saw this post and it appeals to me but we have a current deposit savings of almost £30k and the 0.2% for balance above 20k makes this unattractive.

we would be FTB btw if that makes a difference

We were in the same position - FTB, had over £25k towards the deposit. In the end, we put £18k in the STB account as you don't have to have the full deposit in there

ccbrowning

They don't care how much you put in, just make sure it is £50. Even my Natwest e Saving account gives higher interest, as does the Nationwide FlexDirect current account - the latter is a good place to put £2500 as you get 5% on it.