Need advice please

innovate

deni123 wrote: »

Hi,
So I spoke to nationwide today regarding isa's and they are recommending a save to buy account, as ultimatly we want to buy a house.
had a quick look on here and seems to be positive comments about this account, and seems to have some positive outcomes regards to getting a mortgage at the end.
He did say that this account is fine for the self employed. Although I will double check this! Does anyone know anything about this account? Do you think this would be a good way to save for a deposit?

If you go for a "save to buy" arrangement, you are likely to commit yourself potentially years ahead. How do you know that they will offer you the best mortgage when you need a mortgage?

TBH, I have not seen "positive comments about this account" on MSE. Neither have there been negative ones from savers (/victims).

deni123

I shall post on that board too thank you.

It seems you can only save up to £20k. (And it is only 2%. Their isa is 2.5%)
We can reach £20k in a year and half maximum, and you don't have to get a nationwide mortgage at the end, Can just use it to save the cash.