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Nationwide Save to Buy

Discussion in 'Personal' started by chloejewel, Feb 6, 2012.

  1. chloejewel

    chloejewel New commenter

    Does anyone have any experience of using this?
    It looks like you open a savings account with Nationwide and after 6 months of paying in a minimum of £50 a month, you can apply for a low-deposit mortgage via NW (5-15% deposit). You have up to three years to apply for a mortgage and can also get a cashback lump sum upon mortgage agreement if you have over £2500 saved.
    Pros and cons versus shared-ownership deals/ equity loans?
  2. lurk_much

    lurk_much Occasional commenter

    do you have a link?
  3. chloejewel

    chloejewel New commenter

  4. lurk_much

    lurk_much Occasional commenter

    All I can see in its favour is the cashback and that is probably bogus. I think you are going to have to check individual deals, fees and rates.
    Spreadsheet time.
  5. jacob

    jacob Lead commenter

    I thought I saw a Nationwide TV advert offering "no deposit" mortgages. Or did I hear "no" when they said "low".

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