Nationwide Save to Buy Savings Account

100saving

Hello everyone,

I am looking at getting on the property ladder in the next 12 months.

nationwide have this account the says if you meet the regular savings requirements you have Access to a 5% deposit mortgage when you've had the account for 6 months.

I wanted to see if anyone had used accounts like this before or this account and it has helped get a good mortgage?

more info: http://www.nationwide.co.uk/savings/limited_access/savetobuy/introduction.htm#saveToBuy

innovate

May be ask your question on the mortgage board where people are likely to have a view on whether the Nationwide mortgage is competitive.

Thrugelmir

Nationwide provide around 1 in 6 FTB mortgages. If that helps you at all.

SantaKlaus

100saving wrote: »

Hello everyone,

I am looking at getting on the property ladder in the next 12 months.

nationwide have this account the says if you meet the regular savings requirements you have Access to a 5% deposit mortgage when you've had the account for 6 months.

I wanted to see if anyone had used accounts like this before or this account and it has helped get a good mortgage?

more info: http://www.nationwide.co.uk/savings/limited_access/savetobuy/introduction.htm#saveToBuy

I used the save to buy ISA when it first came out, it was a higer interest rate then the one above, i was initially on 2.5% tax free for the first year then 2% tax free for the remainder.

Getting a good mortgage? what do you mean by this? higher mortgage amount.... lower interest rate? What i found was that NW give a much lower mortgage loan then other lenders, i had to get a mortgage with someone else in the end, but atleast i had a half decent savings rate with NW lol. If you need a 95% mortgage then yes they are ok.