Mortgage Finances

elder1

I have a query and hope some one can give me a bit of advice as I'm a first time buyer. I'm currently looking into getting a mortgage through NatWest and have a decision in principle from the bank but am worried about the financial side. I leave very little money in my account each month as since I have been saving up for the deposit, I withdraw a good portion out and deposit it in a savings account in another bank. Would this affect a mortgage decision? Also on looking around at mortgages(help to buy scheme), banks like Santander seem cheaper with the mortgage rates, cash back offers, paid for valuations, and no booking fee's. Do you need to have a bank account at Santander to be able to apply for a mortgage, or can you apply for a mortgage, and then set up a account with them? NatWest seems to charge for the valuation, no cash back, etc. Any advice would be gratefully received. Thanks.

Mozzanov

I looked at some of Santander's offers and (at least for the 95%s I looked at) you needed to be a customer, if I understood it correctly. Read through the "small print" as they detail it there. By the way, you need to have had an account open for at least 30 days with them.

dimbo61

Give them a call and ask them.
A mortgage application takes time and taking out a current account 123 can be done in an hour or two.
It would be up and running for more than 30 days before your mortgage would be sorted