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northern rock

ive got a mortage with northern rock it was fixed for 5 years a couple of years ago 2 years to run, im looking to remortage but i have a early repayment charge, some people tell me that since the bank was nationalised i dont have to pay a charge can anyone tell me if this is true please

Comments

  • If they dropped the ERC i think loads of people would be moving away from a fixed deal if they could ........ me included ........ but somehow i really dont think thats the case !
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    paul12345 wrote: »
    ive got a mortage with northern rock it was fixed for 5 years a couple of years ago 2 years to run, im looking to remortage but i have a early repayment charge, some people tell me that since the bank was nationalised i dont have to pay a charge can anyone tell me if this is true please
    No, it's not true.

    Some lenders have been waiving ERCs and even reducing capital balances to encourage borrowers to move elsewhere but, as far as I am aware, Northern Rock are not one of them.

    That said, you should certainly give them a call and ask the question!
  • thanks for the replys, looks like ill be sticking with northern rock then! great!
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