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Building Society Takeover
Ed_Zep
Posts: 340 Forumite
I'm currently on a good deal with the Newcastle. 0.5% above base rate.
I've just read that they may have been in talks with the Skipton. I was wondering what happens to existing mortgage holders. Do they lose their deals and get shoved onto whatever the new society decides or does the new society take on the liability?
Thanks.
Ed.
I've just read that they may have been in talks with the Skipton. I was wondering what happens to existing mortgage holders. Do they lose their deals and get shoved onto whatever the new society decides or does the new society take on the liability?
Thanks.
Ed.
0
Comments
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Any new owner is obliged to honour your terms and conditions.
What they do with the standard variable rate after the event is, however, discretionary!0
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