Longstanding Nationwide Current Account

daveoc22

onlyfoolsandparking said:

Nothing wrong with a bit of nostalgia.....

Ah nostalgia, it's not like it used to be.

Emmia

onlyfoolsandparking said:

What does being a woman have to do with anything?

Does there have to be a specific reason for being nostalgic? and if there does are you assuming mine is negative?  

Back in the day (by which I mean 20 - 30+ years ago) a joint mortgage would be done without really considering the woman's income, and if she wanted a sole mortgage, a male relative was likely to have been needed to "guarantee" it. 

Thankfully we've (mostly) come along way since then - although house prices may not have got to the point where two (good) incomes is a necessity for many couples to get onto the housing ladder. 

colsten

Emmia said:

onlyfoolsandparking said:

What does being a woman have to do with anything?

Does there have to be a specific reason for being nostalgic? and if there does are you assuming mine is negative?  

Back in the day (by which I mean 20 - 30+ years ago) a joint mortgage would be done without really considering the woman's income, and if she wanted a sole mortgage, a male relative was likely to have been needed to "guarantee" it. 

Thankfully we've (mostly) come along way since then - although house prices may not have got to the point where two (good) incomes is a necessity for many couples to get onto the housing ladder. 

This is well over 30 years ago. When it was a great deal easier than now to get onto the property ladder, as starter homes wouldn't cost much more then 2-4 times many young persons salaries. The Equal Pay Act goes back to 1970, and the Pill had already contributed to a dramatic improvement in female emancipation since the early 1960s, with unmarried women having had access to it in the UK since 1967.

I am female and had my first mortgage in my name only in the late 70s. I do dimly remember that the mortgage broker did ask at some stage whether my partner would be involved in the property purchase. The answer was 'no'. 

Emmia

colsten said:

Emmia said:

onlyfoolsandparking said:

What does being a woman have to do with anything?

Does there have to be a specific reason for being nostalgic? and if there does are you assuming mine is negative?  

Back in the day (by which I mean 20 - 30+ years ago) a joint mortgage would be done without really considering the woman's income, and if she wanted a sole mortgage, a male relative was likely to have been needed to "guarantee" it. 

Thankfully we've (mostly) come along way since then - although house prices may not have got to the point where two (good) incomes is a necessity for many couples to get onto the housing ladder. 

This is well over 30 years ago. When it was a great deal easier than now to get onto the property ladder, as starter homes wouldn't cost much more then 2-4 times many young persons salaries. The Equal Pay Act goes back to 1970, and the Pill had already contributed to a dramatic improvement in female emancipation since the early 1960s, with unmarried women having had access to it in the UK since 1967.

I am female and had my first mortgage in my name only in the late 70s. I do dimly remember that the mortgage broker did ask at some stage whether my partner would be involved in the property purchase. The answer was 'no'. 

But women still lag behind in pay terms - there is still some way to go for parity.

colsten

It's no wonder that average women earn less over a lifetime than average men, as many decide - out of their own, free will, and in full possession of all the facts - to take time out of working life to bring up a family. The self-same pay gap exists for men who decide to do the family stuff. Any woman who wants to get on with a professional career has just the same opportunity as men have, and the many successful women entrepreneurs are living proof that the world is our oyster. I cringe every time I hear that women should be given preference, e.g. as MP candidates or for Management  and Executive positions, simply on the grounds that there are fewer women than men in those roles. It's a disastrous, and terribly sexist, strategy to promote somebody into a position based on their gender, rather than based on their capabilities.

As this isn't really a subject for the Banking forum, I'll leave the discussion at this stage

Gsharp93

ratechaser said:

Hahahahaha! This being the warm cuddly building society that has not only slashed their rates far deeper than anyone else, but also wants to record mortgage holidays on peoples credit files...

And where exactly will you get a switch incentive from right now?

I haven't got a switch incentive lined up as yet, but when the market gets back on it's feet I'm hoping that some banks will start offering switch incentives again. I will investigate what other users have mentioned RE a "donor" account - not heard of this before so will do some research.   

Gsharp93

Yorkshire_Pud said:

Definitely worth keeping if only for the longevity of having the account which is in your favour for all sorts of applications of a financial kind.
Who knows if you will be rewarded in a mortgage application. Try it. It’s what they do, if the figures add up why not.
If you want a donor account for a switch in the future open another current account. This is when you realise the benefit of having an account you can say you had it for 15+ years, which is a question they ask.
P.S. What is this switch incentive of which you speak?!
Its just that I have a glut of tsb current accounts to get rid of, I mean switch.

thanks, I will do a bit of research on this and see whether a donor account is the way to go. Many thanks.