From Today Nat West Bank Offering 100% Mortgages to Existing Mortgage Account Holders - No Fee & Variable Rates Apply! - HotUKDeals
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From Today Nat West Bank Offering 1.0000% Mortgages to Existing Mortgage Account Holders - No Fee & Variable Rates Apply!

£1.00 @ NatWest Bank
From Today Nat West Bank Offering 100% Mortgages to Existing Mortgage Account Holders - No Fee & Variable Rates Apply! I've been informed that these are NOT being advertised. Its all a bit hush hus… Read More
Bristle Hound Avatar
8y, 5m agoFound 8 years, 5 months ago
From Today Nat West Bank Offering 100% Mortgages to Existing Mortgage Account Holders - No Fee & Variable Rates Apply!

I've been informed that these are NOT being advertised. Its all a bit hush hush. Your not supposed to be telling anyone ...
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8y, 5m agoFound 8 years, 5 months ago
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#1
Why would existing Mortgage Account holders require 100% mortgages. Negative equity?
#2
GeorgyBoy
Why would existing Mortgage Account holders require 100% mortgages. Negative equity?


Sorry mate, don't know just passing on what I've been told! :thumbsup:
#3
True, even for new... sounds good but the rates...... shocking.
#4
I dont quite understand what this is...

Am I stupid?
#5
What!!!

So you take a 100% mortgage in an unstable market!!! Think youre asking for trouble really.
#6
I can't believe they're offering this. Talk about irresponsible.
#7
Cold from me sorry.

Any bank that encourages 100% mortgages deserves all the problems they are currently experiencing.

We (the taxpayer) own the majority of this bank and we shouldnt be encouraging this type of hush hush behaviour for existing customers.
#8
rubbish
#9
i know that nationwide have brought back 95% mortgages today

didn't think we would see 100% mortgages for a while though
#10
GeorgyBoy;3800722
Why would existing Mortgage Account holders require 100% mortgages. Negative equity?


the nationwide offer is for existing customers moving home

don't know anything about the Natwest one though

do we all count as Natwest customers though since we all bailed them out?
#11
100% morgages are only good for 1st time buyers
#12
jamstaruk1972
100% morgages are only good for 1st time buyers


100% mortages aren't good for anyone. Especially at the moment, when house prices are in freefall, why would you want to sign up for guaranteed negative equity for at least the next 2 years.

This is the first time for about 15 years when if you rent your house, it will actually cost you less than the amount that the house price is predicted to fall over the next year.
#13
Brilliant move by the bank to make more money to offset some of their losses. After all they lost so much money they have to make the existing customer pay for their carelessness or fraud. If you bought a propoerty last year and borrowed 100%. You are actually in negative equity now so your loan is probably about 130% of the current market value of your property. So with the 100% offer you are out. For those existing customers who before the house price crash had worked years to pay off their loan so let's say that they paid off a lot and their loan was 70% less of the loan. Well now with the property price 30% less value, again what was 70% of the house price is now 100% of the current price of the house so no ofer for 100% mortgage either. So the 100% mortgage is really going to benefit those who had paid off a lot of their capital and probably not moved house for 6 years or more. So these are the golden customer for Natwest to now lend them even more money as these customers are least risk for them. They want these customers, who had been prudent and who before the crash had been paying off their capital, to now taken on bigger debt as others are already saturated with debt.
#14
social lurker
100% mortages aren't good for anyone. Especially at the moment, when house prices are in freefall, why would you want to sign up for guaranteed negative equity for at least the next 2 years.

This is the first time for about 15 years when if you rent your house, it will actually cost you less than the amount that the house price is predicted to fall over the next year.


100% mortgages are great.

I'm applying tomorrow especially because my job is looking REALLY dodgy.

The plan is to borrow as much as I can, hopefully about 7 or 8 times my (exaggerated) salary.

Then get laid off from work, then (here;s the best bit) not bother paying the mortgage for 2 years as the nice government have brought a new rule in that it's no problem if you don't want to pay your mortgage for a couple of years.

I can live in the house of my deams for a couple of years and then just declare myself bankrupt, what a wonderful place 'Great' Britain is.

;-)
#15
It does make me laugh how people moan about banks lending irresponsibly, its never people borrowing irresponsibly is it! Its the state of our generation unfortunately who think you should have everything for nothing. If people lived within their means the banks wouldnt need any bailing out.
Its our culture that needs changing IMHO

P.s, Merry Christmas lol
#16
roscoe2000
100% mortgages are great.

I'm applying tomorrow especially because my job is looking REALLY dodgy.

The plan is to borrow as much as I can, hopefully about 7 or 8 times my (exaggerated) salary.

Then get laid off from work, then (here;s the best bit) not bother paying the mortgage for 2 years as the nice government have brought a new rule in that it's no problem if you don't want to pay your mortgage for a couple of years.

I can live in the house of my deams for a couple of years and then just declare myself bankrupt, what a wonderful place 'Great' Britain is.

;-)



it switches to intrest only mortgage as far as im aware you dont get to pay feck all for 2 years

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