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Nationwide... a little advice if anyone has time.
GuyLondon84
Posts: 14 Forumite
Hi Guys,
I currently have a mortgage with Nationwide that I’ve had for 7 years, with £86,500 left on it. Have sold the flat, and have put in an offer on a house worth £195,000. I have a 15% deposit and currently earn £32,500 a year plus overtime, plus bonus. Normally equates to the 40k a year mark. My credit file score is “excellent” with a score of 968 and only have a monthly payment of my car (which finishes next month) of £300 in my name. I indicate low risk reading my file.
Have decided to stick with Nationwide and have an a mortgage in principle and am now starting the full application… anyone dealt with Nationwide?? broker indicates my chances are good….??
I currently have a mortgage with Nationwide that I’ve had for 7 years, with £86,500 left on it. Have sold the flat, and have put in an offer on a house worth £195,000. I have a 15% deposit and currently earn £32,500 a year plus overtime, plus bonus. Normally equates to the 40k a year mark. My credit file score is “excellent” with a score of 968 and only have a monthly payment of my car (which finishes next month) of £300 in my name. I indicate low risk reading my file.
Have decided to stick with Nationwide and have an a mortgage in principle and am now starting the full application… anyone dealt with Nationwide?? broker indicates my chances are good….??
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Comments
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On those figures you should have no problem, unless an unusually short term, trust your broker!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
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Fingers crossed... my lvr is 85% and am looking to take out over 25 years.0
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Nationwide have always been good to us and quick with decisions and paperwork etcLiving the dream and retired in Cyprus :j
http://forums.moneysavingexpert.com/showthread.php?t=51052960 -
Thank you... hope i am successful!0
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Presumably you are on base mortgage rate, 2.5%?
Make sure you "port" this to the first part of your new mortgage, taking any increased borrowing on one of the new products in your LTV banding.
It means a "paper" application, but it shouldn't make too much difference on the admin.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 -
Thank you for this....
Any ideas on how long the process should take for them to make a decision?0 -
Hi, have submitted my application and the only thing they have requested is my proof of deposit, which i have sent over to them.
wouldn't they need more info?? i know i already hold a mortgage with them, but surely i'll need to provide bank statements etc?
can anyone advise?0
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