Northern Rock End of Mortgaged Deal (Merged Threads)

Nonshy

if you are on a together product the lower rate won't be applied until jan 2009... many complain about this being sly and a rip off but seem to forget when/if rates increase you get the benefit of that "extra" month on the lower rate.

Nonshy

sharnad wrote: »

I am on a fixed interest rate of 5.99% it is supposed to be a 5 year deal but northern rock have sent me something to say it is ending in Janurary rather than June has anyone else had them end their deak early

the deal hasn't ended early.

the deal is fixed until a set date, so although you have a 5 year fixed it doesn't mean your actually mortgage will be fixed for 5 years at that rate

if the product became available jan 2003 then it would expire jan 2008... if you took this deal in june 2003 then you would have missed out on months: jan to june

bran1

hi can any one help we are currently with northern rock paying standard varieable on our morgage we can not move because the value of the house is 150k and we owe 144k. but our morgage is split into three loans and they have past on the rate drop to the one with the lest owing on it it we are still paying 7.33percent on the bulk of the morgage any help will be grate thanks

downhiller

I also received the letter this morning confirming our fixed deal will end on 1st March next year and we'll be move to a rate lower than their SVR! Great news indeed as I didn't realise that was how our deal would work.

Does anyone have any idea how far below the SVR?

kieran1979

downhiller wrote: »

I also received the letter this morning confirming our fixed deal will end on 1st March next year and we'll be move to a rate lower than their SVR! Great news indeed as I didn't realise that was how our deal would work.

Does anyone have any idea how far below the SVR?

A mind-boggline 0.01% below SVR :rotfl:

Nothing to get too excited about - for me works out at about £1 a month!!

Mary_Hartnell

Will that pay for a pair of boot sox in the pound shop so the kids can have a stocking on Xmas eve?

DNF

Hi,
I Have noticed that every statement we get form NR (once every 3moth) they add £1 to to the capital... so my capital is growing by £4 a year...i have spoken to NR on the phone and as you would expect they tried to bxxxshxt there way but then i spoke to a senior addviser and she still has no idea why but will look in to it.

Has any one els noticed that £1 added every statement??

Nonshy

DNF wrote: »

Hi,
I Have noticed that every statement we get form NR (once every 3moth) they add £1 to to the capital... so my capital is growing by £4 a year...i have spoken to NR on the phone and as you would expect they tried to bxxxshxt there way but then i spoke to a senior addviser and she still has no idea why but will look in to it.

Has any one els noticed that £1 added every statement??

are you on interest only?

is it exactly a pound or does it vary?

zipman23

Currently on 5.89% ending Jan 1st 2009

Going on to 5.84% SVR

It doesn't seem like much but rang the Rock anyway to ask what the new payment would roughly be and I was told it would be £3 a month more than what we are paying now. Ummm...confuzzled!

They said it was because we had added the product fee to the mortgage when we took it out.

Is that right?

Nonshy

Yes that will be right. Payments are calculated on the actual mortgage you took and not the mortgage plus fees.

Have them recalculated and this will prevent any further balance increases