Should I open a Nationwide Save to Buy Account?

Nereis

I am a first time buyer looking to buy in about October if possible, although it may be December/January 2015. We will have around a 12k deposit and looking to borrow about 120k on a joint salary of 32k with good credit.

I am currently banking with Natwest and saving using an ISA which is about to be full. Where should I put my money once the ISA is full? Should I open a Nationwide Save to Buy? Our LTV will be about 90% hopefully.


I will hopefully be starting a new job in September, and so obviously will need three payslips for most banks, but as I bank with Narwest, they suggested this wouldn't be necessary and I would just need one, does anyone know if this is the case?

If so, would it be best to keep all the deposit money with Natwest?

Thanks!

reallyjammyjam

We have a Nationwide Save to Buy account.
We did it just to hedge our bets really, we needed to keep our money somewhere and thought it would be a good idea to give us the option to go with Nationwide when we were ready.
As it happens there are banks out there with better rates so I don't think we will be going with them anyway now.

We still have our main accounts with Natwest but as far as I know they don't offer preferential rates for savings customers, although I'm sure someone will correct me if I am wrong.

If you wanted to keep your ISAs for better saving rates then the Nationwide is a good option because you only need to put in £50 a month to get the deal