Existing customer-Nationwide-Moving home

MissScotia01

Good morning! We currently have a 2 year fixed mortgage with Nationwide that finishes the end of Feb 21.  We are looking at moving to a bigger home and I have started looking round at mortgages on the market, we would be looking at 90% LTV and obviously there aren't many going about.  Is Nationwide really the only mortgage company really doing 90% LTV for moving home? I did speak to Nationwide on live chat informally about it and they said you can port your mortgage if we remortgaged our house we are currently in, and then borrow more for new house?? Seems a bit weird, but is this a thing?  On their website they state they would even do 95% for existing customers! We will probably look into speaking to a mortgage advisor, but I want to get my head round these things and have some knowledge before we start this. 

Thanks in advance.

helpmegodplease

Definitely get advice from an advisor, we started this exact process with nationwide in August and have had nothing but trouble with them, and ended up having to change and use a broker now anyway after being delayed by them for months 

MattMattMattUK

If you only have 10% equity and with the current economic situation, it would be wise to consider whether a bigger mortgage and increasing your LTV would be a sensible decision.

MissScotia01

helpmegodplease said:

Definitely get advice from an advisor, we started this exact process with nationwide in August and have had nothing but trouble with them, and ended up having to change and use a broker now anyway after being delayed by them for months 

This is what I am scared of as I have heard so many things about Nationwide taking ages recently.  If you don't mind me asking, what mortgage provider did you end up going with? 

MissScotia01

MattMattMattUK said:

If you only have 10% equity and with the current economic situation, it would be wise to consider whether a bigger mortgage and increasing your LTV would be a sensible decision.

Thanks for the comment, but we are happy with what we want to do.

helpmegodplease

MissScotia01 said:

helpmegodplease said:

Definitely get advice from an advisor, we started this exact process with nationwide in August and have had nothing but trouble with them, and ended up having to change and use a broker now anyway after being delayed by them for months 

This is what I am scared of as I have heard so many things about Nationwide taking ages recently.  If you don't mind me asking, what mortgage provider did you end up going with? 

Currently waiting on a decision from Santander advised by our broker ☺️

Thrugelmir

MissScotia01 said:

helpmegodplease said:

Definitely get advice from an advisor, we started this exact process with nationwide in August and have had nothing but trouble with them, and ended up having to change and use a broker now anyway after being delayed by them for months 

This is what I am scared of as I have heard so many things about Nationwide taking ages recently.  

With the bulk of staff working from home still. Processing takes longer. Unavoidable. 

MissScotia01

helpmegodplease said:

MissScotia01 said:

helpmegodplease said:

Definitely get advice from an advisor, we started this exact process with nationwide in August and have had nothing but trouble with them, and ended up having to change and use a broker now anyway after being delayed by them for months 

This is what I am scared of as I have heard so many things about Nationwide taking ages recently.  If you don't mind me asking, what mortgage provider did you end up going with? 

Currently waiting on a decision from Santander advised by our broker ☺️

Good luck! ☺️

helpmegodplease

MissScotia01 said:

helpmegodplease said:

MissScotia01 said:

helpmegodplease said:

Definitely get advice from an advisor, we started this exact process with nationwide in August and have had nothing but trouble with them, and ended up having to change and use a broker now anyway after being delayed by them for months 

This is what I am scared of as I have heard so many things about Nationwide taking ages recently.  If you don't mind me asking, what mortgage provider did you end up going with? 

Currently waiting on a decision from Santander advised by our broker ☺️

Good luck! ☺️

Thanks you too 😀