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Northern Rock - Limiting options
Cybil
Posts: 1 Newbie
I came out of my fixed rate with NR in January 2009, and they have just turned me down for a change of Mortgage Product with them, due to LTV. The worrying thing about this is, when I took out the Mortgage 18 months ago, my LTV was only 60% - I see this is an indication of their current view on property 'valuations'.:eek:
I have also just been advised that in order to access borrow-back funds, you now have to successfully complete an 'affordability' check. Apparently NR have added this criteria in the past 12 months, however, neglected to inform me as a customer.
I have also just been advised that in order to access borrow-back funds, you now have to successfully complete an 'affordability' check. Apparently NR have added this criteria in the past 12 months, however, neglected to inform me as a customer.
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Comments
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What is your query?0
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I thought Northern Rock weren't offering deals to any of their existing customers?
If you think your LTV is still below 90% then try to find a deal elsewhere.0
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