Post office mortgage vs Nat West post mmr

Grang13

Hi all, Despite reading many posts over the years ( and hugely appreciating the opportunity to read the discussions and advice!) this is my first post and I hope you guys might be able to offer some guidance

I'm interesting in people's experience of how the new guidelines are being applied by the Post office and Nat West. I've found a 5 year fix with Post office at 3.15% and our advisor has said that Nat west 5y fix at 3.75 would be the best for our situation.

My husbands salary will be the funding, I'm a stay at home mum looking after our one child.

We need 129k, we'll have put down a 25% deposit and will have our existing home mortgage free by the point we exchange.
Plan to sell this but not sure how long it will take.

Post office have said they'll lend up to £137 but we'll have to go through affordability with advisor next week.
Natwest would lend £160 and our mortgage advisor says that this already includes the stress test calculations.



Having looked at what we'll reduce our mortgage to over the 5 years, I reckon there is over £4k of a difference so whilst I hugely appreciate the experience of the advisor and know she'll do a far better job of organising everything than I ever could, I feel I'd be crazy not to explore the PO.

I'm terrified of mucking things up with too many credit searches and also don't want to waste our advisors time.......
Our chat with the co-op didn't result in too pragmatic an approach and this has spooked me!

If anyone's had experience of the application processes and how the early stage lending limits are reduced when the stress test calculations are input with either of these lenders post mmr changes, I'd hugely appreciate hearing about it :beer:

Thanks so much in advance