Savings Accounts for a Mortgage

wpearson92

HI all MSE users, ive just posted in the Credit files section about improving my credit report in the build up to me applying for a Mortgage and a user notified me of the following

Thrugelmir wrote: »

If obtaining a mortgage is your objective. Then both Halifax and Nationwide offer saving schemes for FTB's. The benefit being that saving with them is the brownie points you earn, and the demonstration that you can manage your money well. Regular saving requires the same discpline as paying a mortgage for 300 months.

Would it be possible that any of you know of any similar accounts that have incentives for saving for a mortgage. Such as cashback from a purchase etc... or do you believe a normal savings account will be better?

I will only be having the account for roughly a year as Im only wanting to spend around 10,000 on a deposit

colsten

Newcastle Big Home Saver has potential incentives but bad interest rate

newcastle. co .uk / savings / big-home-saver. aspx

If you can get any of the interest paying current accounts, they are the best place for £10,000 for 1 year.

wpearson92

I currently have a Club Lloyds account and a Santander 1-2-3 account. They offer decent rates, but It appeals to me the cash back incentive from then applying for a mortgage through them as that offers a decent amount of cash back