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    • Cls22
    • By Cls22 13th Jun 19, 9:01 AM
    • 1Posts
    • 0Thanks
    Mortgage company welcome gifts?
    • #1
    • 13th Jun 19, 9:01 AM
    Mortgage company welcome gifts? 13th Jun 19 at 9:01 AM
    So this has been a topic of conversation between myself and my friends recently.

    Some of us have had lovely ‘welcome’ gifts from mortgage providers where others have had nothing.

    We are with Coventry and our house purchase is about to complete tomorrow so I wonder if we will get anything. Anyone else had anything from Coventry BS?

    Is welcome gifts still a thing, or has it died out again?
Page 2
    • stripeyfox
    • By stripeyfox 13th Jun 19, 12:37 PM
    • 423 Posts
    • 441 Thanks
    Nationwide - we got a box of cleaning products I think and coffee and biscuits. Unexpected, nice touch
    • zx81
    • By zx81 13th Jun 19, 12:43 PM
    • 23,798 Posts
    • 26,447 Thanks
    I received a personalised set of terms and conditions, some home and motor insurance cross-sell leaflets and a warning that my home was at risk if I did not keep up repayments.
    • Murphybear
    • By Murphybear 13th Jun 19, 12:50 PM
    • 4,883 Posts
    • 9,266 Thanks
    Never had any presents from a lender or EA. We bought a bungalow a few years ago and there was a pack of plants ready to go into the garden plus a clock which I’d admired.

    We were never sure if they had been left for us as a present or accidentally left
    • deuxchatsnoirs
    • By deuxchatsnoirs 13th Jun 19, 1:18 PM
    • 18 Posts
    • 34 Thanks
    We had a hamper from Tesco bank with Tesco branded stuff - but it was appreciated! Jar of coffee, some cookies. cleaning products, hand wash, teabags, binbags, washing up liquid, carton of milk...all actually came in very useful.

    Was a nice touch!
    • need an answer
    • By need an answer 13th Jun 19, 1:32 PM
    • 2,177 Posts
    • 2,620 Thanks
    need an answer
    I suppose the question is ...would you be more likely to apply for a mortgage where there was a gift offered by the provider?

    Personally I would rather go with the lowest interest rate and best terms than get a welcome box.
    in S 46 T 16 F 42
    out S 39 T 14 F 58
    2017 -32 2018 -33
    • always_sunny
    • By always_sunny 13th Jun 19, 2:21 PM
    • 7,261 Posts
    • 9,911 Thanks
    These are in addition to any cashback you may receive as part of your mortgage product which is carefully costed with the rate, fees and ERC.
    Originally posted by kingstreet
    There isn't really anything in addition, even the cashback is calculated... do I care that lender dispatch me a meaningless box? No, I'd rather have low rates and good T&C, there're plenty of shops and Amazon delivers everywhere, I can shop
    EU expat working in London
    • Gwendo40
    • By Gwendo40 13th Jun 19, 2:25 PM
    • 343 Posts
    • 373 Thanks
    what are these 'gift'?
    My mortgage company credited me £1k cashback, I like that gift... not sure I would care for wine or other useless stuff! Money is nice
    Originally posted by always_sunny

    Yes is money is nice, your bank also likes money, that why they magicked some out of thin air, lent it to and got you to pay them tens of thousands of pounds interest for it.
    • julicorn
    • By julicorn 13th Jun 19, 2:26 PM
    • 836 Posts
    • 3,431 Thanks
    We got a little gift box from Accord, that was a nice touch. It had some tea glasses, tea, biscuits and chocolate in it if I remember right.
    Also, we got the best rate we could at the time, £600 or so cashback, and have had great customer service so far (plus a very good retention rate), so I'm not particularly worried that receiving a little present meant we had to miss out on any of those other benefits.
    Original mortgage: December 2017, £203,495
    MFW start: April 2018, £201,800
    Current: £159,950
    • ceh209
    • By ceh209 13th Jun 19, 2:29 PM
    • 796 Posts
    • 523 Thanks
    Anyone else had anything from Coventry BS?
    Originally posted by Cls22
    We're with Coventry - didn't get a box when we moved last year.
    Excuse any mis-spelt replies, there's probably a cat sat on the keyboard
    • kingstreet
    • By kingstreet 13th Jun 19, 2:29 PM
    • 35,509 Posts
    • 19,416 Thanks
    There isn't really anything in addition, even the cashback is calculated... do I care that lender dispatch me a meaningless box? No, I'd rather have low rates and good T&C, there're plenty of shops and Amazon delivers everywhere, I can shop
    Originally posted by always_sunny

    That was the point I was making. You lost on the rate swings to win on the cashback roundabouts. For some mortgages sizes, you will end up the overall winner.

    These post-completion "gifts" are an irrelevance, I agree; but someone asked about them...
    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.
    • Slithery
    • By Slithery 13th Jun 19, 5:04 PM
    • 1,966 Posts
    • 3,282 Thanks
    A similar thread from a year or so ago...
    • kerri gt
    • By kerri gt 13th Jun 19, 5:19 PM
    • 8,134 Posts
    • 53,989 Thanks
    kerri gt
    I got an umbrella when I picked up our keys from the EA (first and only time I'd met her...and she was on the phone, I actually dealt with somone else in the office). Has come in handy recently.
    Feb 2015 NSD Challenge 8/12
    JAN NSD 11/16

    • kleapatra
    • By kleapatra 13th Jun 19, 6:36 PM
    • 209 Posts
    • 197 Thanks
    Halifax end of 2015, I got a tool kit (a really useful one, still have it and have used it loads), picture hanging kit, posh crisps and dip and a mini bottle of wine
    • aussie in wales
    • By aussie in wales 13th Jun 19, 9:49 PM
    • 59 Posts
    • 43 Thanks
    aussie in wales
    I had a welcome gift from Santander of two mugs, tea, coffee and biscuits. This was just over two years ago.

    Arrived on the day I moved in which was very welcome
    • bertiewhite
    • By bertiewhite 13th Jun 19, 10:34 PM
    • 1,680 Posts
    • 1,890 Thanks
    I'm with Coventry and got !!!!!! all but then again, I'd have thought it weird if I did.
    • sheepy21
    • By sheepy21 13th Jun 19, 11:27 PM
    • 216 Posts
    • 217 Thanks
    We got a mortgage with nationwide last year, the day after completing we had a gift delivered had cleaning supplies, food, tea bags etc. Was really nice surprise
    • craig1123
    • By craig1123 14th Jun 19, 7:32 AM
    • 158 Posts
    • 70 Thanks
    Natonwide - I got a gift box which turned up a couple of weks late,
    It had quite a lot of cleaning products, 2 'nationwide'branded mugs, 2 teaspoons, some tea and coffee, biscuits, and a bunch of home improvement magazines.

    I had not expected it and picked my mortgage based on what was the best deal for me at the time. Had the box shown up on moving day as it was suppsoed to, it would have ben quite handy because of the cleaning products. As it was, I did end up using most of the stuff eventually.
    Originally posted by TBagpuss

    5 years ago I got the same 5 weeks after I moved in. It arrived in a box similar to the size of a hoover box. The contents of the box must have cost let than the postage price
    • Penelopa.Pitstop
    • By Penelopa.Pitstop 14th Jun 19, 9:07 AM
    • 583 Posts
    • 215 Thanks
    We received the same from Nationwide in 2016. I thought it was quite a nice touch. Never received anything from the estate agents or previous owners (not that this was expected anyway!).
    Originally posted by wjr4
    Had the same gift from Nationwide in 2016. Definitely received card from agent, not sure about flowers.

    I left bottle of champagne for new owners, in a flat I sold.

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