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Nationwide - advice sought, help please!

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Comments

  • kingstreet wrote: »
    When did your fixed term contract start and when did you last take a new Nationwide product?

    BTW a remortgage is a new mortgage with a new lender on the same house. You simply want a new mortgage on a new property, although you may wish to port the rate from the old mortgage to a new one.



    Many thanks for your comprehensive response.


    My FTC is recent (running for a year), having moved from a permanent position elsewhere.


    We took a new mortgage with Nationwide (pre-existing customer) nearly 6 years ago. It would be a port as it's an extension to the existing loan in both time and amount.
  • kingstreet
    kingstreet Posts: 39,293 Forumite
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    What is it a seven or ten year fix?
    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.
  • kingstreet wrote: »
    What is it a seven or ten year fix?



    Can't remember off the top of my head. We have 10 or 11 years remaining, I believe it may be a 5 yr fix we're currently on but not sure.


    Why would this matter out of interest?
  • kingstreet
    kingstreet Posts: 39,293 Forumite
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    Just curious.

    if you have less than three months of the fixed rate period left, you can pick a new product ERC-free.
    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.
  • kingstreet wrote: »
    Just curious.

    if you have less than three months of the fixed rate period left, you can pick a new product ERC-free.

    Ah. No, we're outside 3 months sadly.
  • JimmyTheWig
    JimmyTheWig Posts: 12,199 Forumite
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    Toon_Army wrote: »
    All I want is an explanation as to the basis for declaring me as a dependant when working, which is pretty much the antonym of dependant.
    Assume you had no income. Would you agree you were a dependant then?
    The bank aren't recognising your employment as safe enough for their criteria. So to them you have no income.

    They're not suggesting that you are sponging off your partner. It's just that "dependant" is the box that best fits from their point of view.

    The question you need to ask is "Why won't they accept my income?".
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