Northern Rock End of Mortgaged Deal (Merged Threads)

enay73

Vigilant NR for some of the mortgage deals as I did post it previously decreased some rate. Actually talking about the SVR is the lowest one and I don't think at the moment if they want to run a good business would increase any rate.
Unfortunately did not very well during the peak time of recessions and as I said before I don't think they will increase any SVR.
Have a look around and tell me apart NR and other nationalised lending company who has got 4.79 SVR.
I do firmly believe that NR in some way wants to get back on track and if they are using a good marketing things will improve better.
If they are starting to raise SVR the government in this period of election wont let happens.

VIGILANT22

Run a good business....back on track.......

NR (good) will be bought over soon...

Keep your head in the clouds if you don't think the svr will move in the future...

enay73

Vigilant22

Too many speculations are going on. That's for sure. If you have any queries about NR plc you can always call them.

Regarding your attitude and make such comments about what I do think and get your thoughts deliberately like an insult, then save it for yourself.

I wrote and I insist that they are my opinion and I wouldn't ever insult anyone. I hope I made it clear to you.

Regards

VIGILANT22

Thank you, but I fortunately don't need to call them.....We are both entitled to opinions.....re "I wouldn't ever insult anyone"....Does the word "frail" ring a bell!!...............DING DONG.

enay73

You don't deserve any answer about it. I think you are going too far now. Clever is it?

Regards

enay73

Northern Rock launches new fixed rate bond issues

22nd January 2010


Northern Rock is launching two new issues of its Fixed Rate Bond, offering competitive rates for a minimum deposit of £1.
The limited issue Fixed Rate Bonds offer guaranteed rates of 2.75% gross p.a. over one year (Issue 381), or 3.50% over two years (Issue 382). Account holders can choose to have their interest paid annually or monthly (the monthly rate is 0.30% below the gross annual rate).
The new limited issue Fixed Rate Bonds can be opened either by post or through Northern Rock branches and additional deposits can be made during the offer period up to a maximum of £2 million. Neither Issue 381 nor Issue 382 allow any withdrawals or closures during the fixed rate period.
In keeping with Northern Rock's commitment to providing openness, transparency, and fair treatment of customers, full product details are available on application in the Terms and Conditions.
Further product details and application forms are also available on Northern Rock's website northernrock.co.uk/savings/
Interest can be paid annually on 30 November. Alternatively, interest can be paid monthly on the last day of the month (available first business day of the following month). Transfers to the bond are allowed without charge from all Northern Rock variable rate notice and no-notice accounts.
Upon maturity of the bond, accounts will become no notice accounts and customers will be notified of the interest rate. The bond is a limited issue which will be withdrawn without notice once fully subscribed.
Northern Rock Savings Pledge
Northern Rock's Savings Pledge continues to ensure that its savers are kept fully informed of any changes to their accounts. Northern Rock writes to its savers every time it changes the interest rate on their account. In addition, if the account is a notice account and rates are to be reduced, the advance notice will be at least the same as the notice period.



Apparently Northern Rock wants to be on track in the near future, I have spoken with them yesterday and the guy on the phone told me that what we are hearing sometimes are just rumors and the company wants to be back as it was and perhaps pay everything to the government. He told me that if NR was not splitting in 2 parts, it would costs more and pay back it would have be more longer.
As I said earlier we should and see what happens in about 6 or 9 months, how is running.

VIGILANT22

[QUOTE=enay73 Apparently Northern Rock wants to be on track in the near future, I have spoken with them yesterday and the guy on the phone told me that what we are hearing sometimes are just rumors and the company wants to be back as it was and perhaps pay everything to the government...QUOTE]


"The guy on the phone" (call centre operator....:rotfl:) ie "the bloke down the pub"....:rotfl:

1. The new savings and mortgage bank - called Northern Rock - received FSA authorisation on 1 January. It holds savings balances of around £19 billion and has around £10 billion of low-risk residential mortgages.

Virgin approaches Blackstone to fund renewed Northern Rock bid

http://www.citywire.co.uk/personal/-/news/money-property-and-tax/content.aspx?ID=375819

http://www.citywire.co.uk/adviser/-/news/adviser-news/content.aspx?ID=378028


No compensation for Northern Rock shareholders

http://www.moneywise.co.uk/news-views/2009/12/08/no-compensation-northern-rock-shareholders


2. The 'bad' bank, named Northern Rock (Asset Management) has a residential mortgage book of about £50 billion and £4.5 billion of unsecured personal loans. This will remain in government hands and will no longer offer new mortgages

enay73

The articles I have put it on. Are quite recently. It seems strange now there are not anymore news about who wants to buy NR yet.
Things change in the future who knows.
At the moment NR wants to get back on track, and this is a good news.
The guy I spoke on the phone is someone who cannot say what he wants, especially in this delicate period.
Too many customers are fear about their own future.
In my opinion the best things to do is to try when things get worse, if it's the case of course, move elsewhere.
Also NR gives you the opportunity to customers who got the together mortgage to take the secured elsewhere and keep the unsecured on NRAM.
Also I do believe that even NR Plc can still give you the change to remortgage in the future if you qualify.
At the end it all depends basically on our personal circumstances.

VIGILANT22

QUOTE=enay73: Also NR gives you the opportunity to customers who got the together mortgage to take the secured elsewhere and keep the unsecured on NRAM.
You should be aware that if you do this they increase your rate by a further 5/7%

Reason123

I got a Q - why does it matter if we are either with the good or bad bank?