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First Time Buyers - Nationwide?

Mappedupuk
Mappedupuk Posts: 10 Forumite
Eighth Anniversary First Post Combo Breaker
in Mortgages & endowments
Hi all new on here,

Me and my girlfriend are currently looking to buy a house £130K ish and are first time buyers with 13K Deposit

Currently both in full time employment and have combined earnings of around 36K and both have no debts or any balance on credit cards just have two Mobile contracts.


I see nationwide have the best offers on at the Momemt for their mortgages but do you think we would get accepted ? Or is it better to go with our banks ? ( natwest or Halifax

Many thanks

Comments

  • Ads1982
    Ads1982 Posts: 76 Forumite
    Part of the Furniture 10 Posts Combo Breaker Car Insurance Carver!
    Looks like affordability would be okay on those numbers - have you used the calculators on their websites?

    I have had a few mortgages over the years and never gone with my own bank - I think for mortgages it's best to go with the best rate. If you are struggling on affordability or have other issues maybe the idea of going with your own bank because they know you might come into it, but on what you have presented I don't think that would be the case.
  • Mappedupuk
    Mappedupuk Posts: 10 Forumite
    Eighth Anniversary First Post Combo Breaker
    Ok thank you yes I have been on calculators and looks like nationwide are the best so far but there are company's outthere but I have never heard of them lol.

    Has anyone been accepted by nationwide for a first time mortgage on here?

    Thanks
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Have you been saving with the Nationwide. As you'll receive more favourable treatment if you have, and they've limited funds available to advance.
  • Mappedupuk
    Mappedupuk Posts: 10 Forumite
    Eighth Anniversary First Post Combo Breaker
    No I have not got an account with them as I use natwest and Halifax to bank with :( do you still think we may be alright with nationwide?

    Thanks
  • Baby_Angel
    Baby_Angel Posts: 540 Forumite
    Ninth Anniversary 500 Posts Name Dropper
    In Oct 2013 we got our mortgage from Nationwide. Prior to that we had no dealings with Nationwide. We were FTB and our house value was 250K. We had a 10% deposit. Mortgage was a joint one through a broker.
    SPC 08 - #452 - £415
    SPC 09 - #452 - £298
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Mappedupuk wrote: »
    No I have not got an account with them as I use natwest and Halifax to bank with :( do you still think we may be alright with nationwide?

    Thanks

    No reason why not. All I'm saying is that Nationwide does give preference. As it's Save to Buy scheme is extremely popular with FTB's in particular.

    http://www.nationwide.co.uk/products/savings/save-to-buy/features-and-benefits
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