Why do you need my mortgage account number? Nationwide uses your mortgage account number to check a few details with Credit Reference Agencies. If you have a current Nationwide mortgage, they’ll use y... What is a ‘repayment’ mortgage type? Repayment is the most common type of mortgage. The payments you make every month gradually pay off the original amount you borrowed (the capital), as well a... What is an ‘interest only’ mortgage type? An interest only mortgage means the money you pay to your mortgage provider each month is only paying off the interest being charged on the amount you borro... What is a ‘part interest and part mortgage’ type? Part and part mortgages are a combination of both repayment mortgages, and interest only mortgages. This means you pay off some of the amount you borrowed, ... What is a joint mortgage? A joint mortgage is when you apply to borrow money to buy a home with someone else. This could be with your partner, a friend or a relative. Everyone who ap... What are the benefits of applying for a mortgage as joint applicants? Buying a home with someone else could be a good way to get on the property ladder sooner. You'll be able to combine your savings, which could mean you... What are some of the important things to consider when applying for a mortgage as joint applicants? You'll need to decide on the best type of joint mortgage. You can own a property as either ‘joint tenants’ or ‘tenants in common’. The type of ownershi... Can you change the type of ownership of the property? In short, yes. You can change Tenancy in Common to Joint Tenancy, for example if you get married and want to have equal rights to the whole property. You... How could a poor credit score impact a joint mortgage application? Your credit report contains your individual financial information. However, it will also show the name of anyone you have a financial relationship with. If ... What is a ‘financial relationship’ ? A personal connection with someone either because you’re married, living together, or having the same surname does not link your credit reports or affect yo...