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Quick question re Nationwide BMR
jen3
Posts: 7 Forumite
I have a mortgage on Nationwides BMR rate. I want to borrow an extra amount. Once the fixed rate period on the additional borrowing ends I know it will revert to the SVR. My question is - does my original borrowing stay on the BMR rate once the rate on the additional loan changes?
Have emailed Nationwide (no reply) and its like getting through to the Pope trying to ring and cant find a number for my local branch
Have emailed Nationwide (no reply) and its like getting through to the Pope trying to ring and cant find a number for my local branch
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Comments
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Yes. Your mortgage will be made up of two sub accounts, one on BMR and the other on the fix then the follow-on rate after the fix, SVR in your case.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
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Thanks very much for your help0
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Have emailed Nationwide (no reply) and its like getting through to the Pope trying to ring and cant find a number for my local branch
lets not give mis-information here please. The Pope is much easier to contact than a Nationwide mortgage advisor!!!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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