#2
I've just got a mortgage with Nationwide and my current account is with First Direct. My mortgage payments will be coming out of the FD account and I don't have any other Nationwide account.



With First Direct you need to hold a current account to obtain their other products, so without one I suppose technically you wouldn't be entitled to hold a mortgage with them. I'm not sure if any other bank works like this.

#6
Check the conditions of your Mortgage.

When I worked for Co-op we had deals where the arrangement fee would be waived or halved if they had a co-op bank account that had used the switching service or had been opened for at least 6 months and had their wages and bills coming from it. Im not sure what if anything would happen if the account was closed afterwards, I was told they were checked but im not sure how true that is.

#7
No you don't but Nationwide gives current account holders £250 when they take out a mortgage - so it may be worth having one if your lender offers such incentives.



HSBC also offers better rates to its current account holders.

#8
It will entirely depend on the terms of the mortgage product. With mine I have to hold a current account and fund it with a certain amount each month, or I don't qualify for the special rate on the mortgage anymore.

Who is online

Users browsing this forum: No registered users and 1 guest

cron