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Northern Rock Existing Customers
Comments
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They not that far from the main 5 or 6 lenders. They will wont to keep an amount of existing lenders or they will be starting again from scratch. They will reduce the book to x and at that point start looking after people."Banking establishments are more dangerous than standing armies." Thomas Jefferson
"How can I believe in God when just last week I got my tongue caught in the roller of an electric typewriter?" Woody Allen
Debt Apr 2010 £00 -
Northern Rock have agreed to give the BOE 80% of any funds they take in from mortgages being redeemed. That's 80% to the BOE and 20% to keep and rebuild.
The problem is that Northern Rock told brokers that they would offer clients any deals that were available to new borrowers on expiry of their existing deals. That was before the poop hit the fan and now they've gone back on that.
The problem is that I don't know of anybody who got that in writing and so NR can't be held to it.I am a Mortgage Consultant and don't like to be told what I can and can't put in a signature so long as it's legal and truthful.0 -
They not that far from the main 5 or 6 lenders. They will wont to keep an amount of existing lenders or they will be starting again from scratch. They will reduce the book to x and at that point start looking after people.
Are you still hung over Dan? That doesn't quite make sense:beer: :rotfl:I am a Mortgage Consultant and don't like to be told what I can and can't put in a signature so long as it's legal and truthful.0 -
It made sense when I wrote it! Not sure what was going through my head at the time! LOL
I will have that beer though! LOL"Banking establishments are more dangerous than standing armies." Thomas Jefferson
"How can I believe in God when just last week I got my tongue caught in the roller of an electric typewriter?" Woody Allen
Debt Apr 2010 £00 -
we have a deal with NR and it is about to expire. I received a lovely letter telling me to basically go elsewhere we donnt want you............we have only a 60% morgage yet they donnt want us!
i asked NR about keeping us and was told that 'they had to pay the bank or england asap so we donnt wanr old customers!.............however if i was a new customer i would be offerd a really good deal.!
so i am not wanted.......yet i now have to pay back my help with costs and early redemption fees!
I donnt see that they can do that as they are not offering me a new deal, i want to stay, but if i do i have to go on the standard variable rate.
any advice anyone?I see this as very unfair
hi guys,
i still think its unfair about the help with costs as it is essentially them that want rid of me.
but i am sure that the statement says early redemption fee is payable if the morgage is paid unless it is within the last 3years of the morgage?
or is this a stealth charge0 -
NR have no obligation to offer you a new deal. Help with costs was part of the T&Cs you agreed to when you took the mortgage out and would have been clearly indicated on the KFI and offer letter.0
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