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Nationwide: Taking out a new product
Dan:_4
Posts: 3,795 Forumite
Hello,
My Nationwide mortgage 2 year fix will expire at end of the year. When the time comes to choose a new product will I have to go through the affordability checks again?
My wife has reduced her hours since having a baby and we have taken on a home improvement loan so doubt we will pass - but don't want to be stuck on the SVR.
Thanks
My Nationwide mortgage 2 year fix will expire at end of the year. When the time comes to choose a new product will I have to go through the affordability checks again?
My wife has reduced her hours since having a baby and we have taken on a home improvement loan so doubt we will pass - but don't want to be stuck on the SVR.
Thanks
0
Comments
-
I'm not familiar with Nationwide, but C&G (who I'm with) operate the following:
If you're just switching product, no checks required.
If you want to change any other factor - borrow more/change the term etc it's a full application.0 -
Ahh that is what I was hoping for. Don't want to increase borrowing or term, simply want to switch product0
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