Nationwide Mortgage Renewal

Bikitazim · 18 October 2018 at 4:44AM

Hi,
I am hoping that somebody may be able to help. I have just been made redundant and we are expecting a baby next June. I would prefer to get a temporary job between now and June, rather than starting a permanent job and then having to tell my new employer that I am pregnant. Our mortgage with Nationwide is due for renewal in October 2019, my question is do Nationwide carry out income checks for mortgage renewals? If I get a temporary job we will only have my husbands income.
Thank you in advance

julicorn · 18 October 2018 at 5:11AM

If you're just getting a retention product then no, you should be able to do that online easily without income or credit checks.

(This is what's true for pretty much all lenders afaik, but I'm sure someone can confirm it's the case for Nationwide specifically).

Thrugelmir · 18 October 2018 at 10:22AM

Mortgages aren't renewed. At the end of the product term your mortgage will simply default onto the NW's applicable variable rate. To avoid any manual credit checking. You'll need to apply online for another mortgage product from the options available to you.

d0nkeyk0ng · 18 October 2018 at 2:42PM

As above. I'm with nationwide. We had a 2-year fixed rate mortgage and towards the end, they emailed with retention offers. So I arranged for a switch online for another few years. They even changed the house price so my LTV was lower. No credit checks and fairly painless to do. I'd do it again this year except I've since married and want a joint mortgage (which will involve credit checks).

Bikitazim · 18 October 2018 at 4:37PM

Thank you so much

Nationwide Mortgage Renewal

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