CC

Hello peeps!

As topic title, I've got a mortgage with NR, is there any reason for me to consider transferring my mortgage to another lender?

First impressions were that there's no reason to worry but seeing all those people queueing for their money on telly does make me worry a bit

What would happen to my mortgage if NR went under?

NotoriousREV

If NR goes under, your mortgage will get bought by another lender on the same or similar rate. No need to panic at all.

paulr

Read the other NR thread. Can we keep it all to one thread please.

dpb

Sell up

move to another country

assume a new identity

davegtt

Oh **** you aint have you... They need all the cash they can get, since its NR who own your house they'll be cashing in assets next week and taking your house off you.... Up **** creak matey...

CC

Thanks mate

Paul3446

You already have their money, they don't have yours, how could you be in trouble?

Petem95

I'm not 100% sure how this works however, I'm guessing unless you have a contract for a fixed term at a fixed rate, they could up your mortgage rates?

Could potentially cause a headache for people with NR mortgages and cost them more I would think.

Mr Scoob

If you already have the mortgage why would you have anything to worry about

CC

Forgive me for daring to ask a question.

jods

Without a paddle !!

andythejock01wrx

I'm in the same position. Thanks for asking.

ethanrob

iTrader: (3)

Sod NR buddy

just do a ken bates and offer them 6 pence in the pound to re-pay early

My morgage is with northern rock,but the house has just sold"subject to contract" but i owe 18 grand on it,the house has sold for £120.000 so not worried at all,plus even if the sale falls through the morgage is fixed until 2010,so no prob's there

marcus