holly100 is offlineAdd to holly100's Reputation
holly100's Avatar
holly100
Solar Flare
Join Date: Nov 2007
Posts: 10832

Nationwide offering 95% tracker mortgages - £599 fee -


396°

FOUND BY: holly100 5 months, 1 week ago

Nationwide offering 95% tracker morgages

Nationwide announced today it is expanding its mortgage range for customers with only a 5 per cent deposit.

The group is launching new two and three-year tracker and fixed rate deals for existing customers who are coming to the end of their mortgage deal or who are already on its base mortgage rate.

The new range includes a two-year tracker for people borrowing up to £150,000 who pay a £599 reservation fee of 2.99per cent, with the rate capped at 3.99per cent if the Bank of England base rate increases during the term of the deal.

More: Nationwide Building Society reviewsTags: (Add a tag)


Reply    
Thread Tools   
First Previous 1  2  3  Next Last

#2

11-06-2009, 11:21
lanzarote is offline  
lanzarote's Avatar
lanzarote
Pilot Light
lanzarote is on a distinguished road
 
Join Date: Dec 2006
Location: Surrey
Posts: 132
View FS/FT Feedback
Link takes you to home insurance
Reply With Quote

#3

11-06-2009, 11:26
Andy@XCite is offline  
Andy@XCite's Avatar
Andy@XCite
Flame Thrower
Andy@XCite is a splendid one to beholdAndy@XCite is a splendid one to beholdAndy@XCite is a splendid one to beholdAndy@XCite is a splendid one to beholdAndy@XCite is a splendid one to beholdAndy@XCite is a splendid one to beholdAndy@XCite is a splendid one to behold
 
Join Date: Dec 2007
Location: Lowestoft, Suffolk
Posts: 862
View FS/FT Feedback
I wouldn't touch anything from Nationwide because of the appalling rates they offer savers (& loyal long term member savers at that).
Reply With Quote

#4

11-06-2009, 11:26
holly100 is offline  
holly100's Avatar
holly100
Solar Flare
holly100 is too hot to touchholly100 is too hot to touchholly100 is too hot to touchholly100 is too hot to touchholly100 is too hot to touchholly100 is too hot to touchholly100 is too hot to touchholly100 is too hot to touchholly100 is too hot to touchholly100 is too hot to touchholly100 is too hot to touch
 
Join Date: Nov 2007
Location: i am not
Posts: 10,832
View FS/FT Feedback
lanzarote:
Link takes you to home insurance


http://www.dailymail.co.uk/news/arti...5-deposit.html
Reply With Quote

#5

11-06-2009, 11:29
Al_Jolson is offline  
Al_Jolson's Avatar
Al_Jolson
Matchstick
Al_Jolson is on a distinguished road
 
Join Date: Jan 2008
Posts: 33
View FS/FT Feedback
This is great news for first time buyers and people who don't have much in savings. I certainly wouldn't have been able to afford my first house without the 95% mortgage.
Reply With Quote

#6

11-06-2009, 11:32
rikmartin is offline  
rikmartin
Flint
rikmartin is on a distinguished road
 
Join Date: Jan 2008
Posts: 8
View FS/FT Feedback
Al_Jolson:
This is great news for first time buyers and people who don't have much in savings. I certainly wouldn't have been able to afford my first house without the 95% mortgage.
This deal is for existing customer who already have a mortgage with Nationwide so First time borrowers won't benefit at all
Reply With Quote

#7

11-06-2009, 11:48
AD959 is offline  
AD959's Avatar
AD959
Pilot Light
AD959 is a splendid one to beholdAD959 is a splendid one to beholdAD959 is a splendid one to beholdAD959 is a splendid one to beholdAD959 is a splendid one to beholdAD959 is a splendid one to beholdAD959 is a splendid one to beholdAD959 is a splendid one to behold
 
Join Date: Apr 2007
Location: The Province
Posts: 364
View FS/FT Feedback
Andy@XCite:
I wouldn't touch anything from Nationwide because of the appalling rates they offer savers (& loyal long term member savers at that).
A penny saved is a penny earned
Why don't you move your money to get a better rate elsewhere
Reply With Quote

#8

11-06-2009, 11:50
davesherman is offline  
davesherman's Avatar
davesherman
Pilot Light
davesherman will become famous soon enough
 
Join Date: Feb 2008
Location: Essex, England
Posts: 171
View FS/FT Feedback
Bring on the moaners about how we're only just coming out of a recession and they're already trying to put us back in... lessons not learnt... etc etc....

p.s. Voted hot as it seems like a good deal. Shame I've still got 2 years left of my 5 year fixed rate :(
Reply With Quote

#9

11-06-2009, 11:55
Andy@XCite is offline  
Andy@XCite's Avatar
Andy@XCite
Flame Thrower
Andy@XCite is a splendid one to beholdAndy@XCite is a splendid one to beholdAndy@XCite is a splendid one to beholdAndy@XCite is a splendid one to beholdAndy@XCite is a splendid one to beholdAndy@XCite is a splendid one to beholdAndy@XCite is a splendid one to behold
 
Join Date: Dec 2007
Location: Lowestoft, Suffolk
Posts: 862
View FS/FT Feedback
AD959:
A penny saved is a penny earned
Why don't you move your money to get a better rate elsewhere
I did do. But it was an ISA (apparently a members reward one but God knows where the reward was) so it is more hassle.
Now get ten times more interest at Natwest although that is a 12 month deal which runs out soon and then I will only get five times more interest.
Reply With Quote

#10

11-06-2009, 12:08
cleverino is offline  
cleverino's Avatar
cleverino
Matchstick
cleverino is on a distinguished road
 
Join Date: Dec 2007
Posts: 33
View FS/FT Feedback
think carefully!
this sounds like financial suicide!
the rates will go up and you will be left with a 95% morgage on a property that is going to be worth much less very soon
this kind of deals is what has left us in a mess... well not us bcos we didn't do it. Hopefully not you either.
Reply With Quote

#11

11-06-2009, 12:33
garethyoung is offline  
garethyoung
Pilot Light
garethyoung will become famous soon enough
 
Join Date: Aug 2007
Posts: 240
View FS/FT Feedback
mortages are for the silly - you'd do better to invest your money and then pay cash for a house in 10 years ( assuming you're half decent at investing ).
Reply With Quote

#12

11-06-2009, 12:43
sarahgt is offline  
sarahgt's Avatar
sarahgt
Flame Thrower
sarahgt is a splendid one to beholdsarahgt is a splendid one to beholdsarahgt is a splendid one to beholdsarahgt is a splendid one to beholdsarahgt is a splendid one to beholdsarahgt is a splendid one to beholdsarahgt is a splendid one to behold
 
Join Date: Dec 2007
Location: somewhere between the devil and the deep blue sea...
Posts: 568
View FS/FT Feedback
garethyoung:
mortages are for the silly - you'd do better to invest your money and then pay cash for a house in 10 years ( assuming you're half decent at investing ).
Of course - 250K investment profit is well acheivable these days!!! Gordon Gecko lives...

and where do you live in the meantime? a rented place where youre throwing money away each month or with mummy and daddy?

Like alot of people my mortgage is running at less than 1% and probably will be low for some time yet - how can that be silly!!!
Last edited by sarahgt : 11-06-2009 at 12:56.
Reply With Quote

#13

11-06-2009, 12:50
csiman is online now  
csiman
Solar Flare
csiman is too hot to touchcsiman is too hot to touchcsiman is too hot to touchcsiman is too hot to touchcsiman is too hot to touchcsiman is too hot to touchcsiman is too hot to touchcsiman is too hot to touchcsiman is too hot to touchcsiman is too hot to touchcsiman is too hot to touch
 
Join Date: Nov 2006
Location: Sunny Sussex Coast
Posts: 18,543
View FS/FT Feedback
garethyoung:
mortages are for the silly - you'd do better to invest your money and then pay cash for a house in 10 years ( assuming you're half decent at investing ).
lol - ignorance is bliss I suppose.

I have bought 3 houses in the last 20 years and total mortgages borrowed come to £145,000

current house valuation is £450,000-£500,000

Oh, how I wish I'd been saving those last 20 years and having to sponge off the bank of mum & dad!

I'd probably have about £100K by now using your tactics so that would get me a nice little studio flat
Last edited by csiman : 11-06-2009 at 12:52.
Reply With Quote

#14

11-06-2009, 12:52
zAndy1 is offline  
zAndy1
Pilot Light
zAndy1 will become famous soon enough
 
Join Date: Jul 2006
Posts: 356
View FS/FT Feedback
If lenders start offering 95% mortgages again it's a pretty sure sign that they're confident house prices have pretty much bottomed out. It's fantastic news for first time buyers. Voted hot
Reply With Quote

#15

11-06-2009, 12:53
csiman is online now  
csiman
Solar Flare
csiman is too hot to touchcsiman is too hot to touchcsiman is too hot to touchcsiman is too hot to touchcsiman is too hot to touchcsiman is too hot to touchcsiman is too hot to touchcsiman is too hot to touchcsiman is too hot to touchcsiman is too hot to touchcsiman is too hot to touch
 
Join Date: Nov 2006
Location: Sunny Sussex Coast
Posts: 18,543
View FS/FT Feedback
cleverino:
think carefully!
this sounds like financial suicide!
the rates will go up and you will be left with a 95% morgage on a property that is going to be worth much less very soon
this kind of deals is what has left us in a mess... well not us bcos we didn't do it. Hopefully not you either.
Pray tell where I can get one of your crystal balls oh font of all wisdom
Reply With Quote
First Previous 1  2  3  Next Last

Reply


Thread Tools