Nationwide Save to Buy

Salander

hello,

I would like to know if I can get a mortgage as at present speaking to the nationwide advisors it seems to be smoke and mirrors!

I have a Save to Buy account that has 11000 i it and I will be in a position to put in another 6K in the next few months.

I earn 44600

My wife earns 16,000 permanant and an additional 16K fixed term for 1 year (when she is likley to go 100% Perm)

We would like to get a house worth about 245,000

We both went bankrupt in 2008, due to a business failure- there was no repossession or house involved. This is due to come of our files (and the included defaults) in Jan 2014

Since the bankruptcy we have had no missed payment or anything. We are on the electoral role and both have stable, secure jobs.

We have credit card balance of 5K between us.

We would like to know if the Nationwide are likely to offer us the 5% mortgage. The affordability calculator works out fine- it is just the whether or not we will be accepted.

Any advice would be appreciated.:)

Thanks

Reue

Salander wrote: »

hello,

I would like to know if I can get a mortgage as at present speaking to the nationwide advisors it seems to be smoke and mirrors!

I have a Save to Buy account that has 11000 i it and I will be in a position to put in another 6K in the next few months.

I earn 44600

My wife earns 16,000 permanant and an additional 16K fixed term for 1 year (when she is likley to go 100% Perm)

We would like to get a house worth about 245,000

We both went bankrupt in 2008, due to a business failure- there was no repossession or house involved. This is due to come of our files (and the included defaults) in Jan 2014

Since the bankruptcy we have had no missed payment or anything. We are on the electoral role and both have stable, secure jobs.

We have credit card balance of 5K between us.

We would like to know if the Nationwide are likely to offer us the 5% mortgage. The affordability calculator works out fine- it is just the whether or not we will be accepted.

Any advice would be appreciated.:)

Thanks

The obvious first point is why not use that 6k you'd be saving in the next few months to pay off the 5k credit card?

Salander

Yep, I could do that- still what are our chances of success?

kingstreet

No way of knowing.

You are using a single lender product in a very narrow market.

They have accepted other former bankrupts, if that is any help.

tom1984

I am waiting to complete at the minute at a 95% LTV with this account and I was bankrupt jan 07, discharged 2008. The underwriter stated this as not an issue at all as was old and good conduct since.....

Salander

Hi Tom, are you using a broker? Could you message me their details?
Good to hear it might be ok!

kingstreet

Salander wrote: »

Hi Tom, are you using a broker? Could you message me their details?
Good to hear it might be ok!

Save To Buy is a direct-only product.