Northern Rock

I've got a mortgage with NR. If it goes bust, do I have to pay it off still. Please say no. Im fixed though.

Maybe the next few days its "MAY" be a good idea to buy some stock in NR and hope the shares go up again?

Originally Posted by Daimo

I've got a mortgage with NR. If it goes bust, do I have to pay it off still. Please say no. Im fixed though.

Maybe the next few days its "MAY" be a good idea to buy some stock in NR and hope the shares go up again?

I wish, if that is the case i think i will go and take out one on a lovely £1M house in the cotswolds!!

I hope they sink and go bust!!

A few years ago I got into financial difficulties and NR were the only ****s who gave me grief and wouldnt accept my repayment proposal on a loan I had with them. Total bunch of tossers in my opinion

- Northern Rock

Originally Posted by chrisdownes

I hope they sink and go bust!!

A few years ago I got into financial difficulties and NR were the only ****s who gave me grief and wouldnt accept my repayment proposal on a loan I had with them. Total bunch of tossers in my opinion

- Northern Rock

Charming! Don't think their customers will be as keen as you for them to go TU.

Question... If you have a Northern Rock Mortgage & they go under, does that mean you are Mortgage free

[tigersaw]

Originally Posted by Cloggsy

Question... If you have a Northern Rock Mortgage & they go under, does that mean you are Mortgage free

Nope - your loan becomes an asset for the liquidator, so in effect you just end up with a new lender.

Originally Posted by tigersaw

Nope - your loan becomes an asset for the liquidator, so in effect you just end up with a new lender.

Bugger

Originally Posted by tigersaw

Nope - your loan becomes an asset for the liquidator, so in effect you just end up with a new lender.

+1 on the buggering so to speak!

And I hope the FSA will make them stay to the fixed rate....

I'm with Daimo, could be a good share purchase. Someone will buy them soon if not very soon.

Originally Posted by Dr Rich

I'm with Daimo, could be a good share purchase. Someone will buy them soon if not very soon.

The shares fell 200 points today - what a mauling. I am sure that somewhere someone is looking at them very hard.

Whatever, I can't see that the senior management have much of a future.

On the flip side - I feel sorry for the staff. It's not a problem of their making and suddenly they face job insecurity. I deal a lot with NR and I find their call centre very helpful, they actually return calls, and they pay out mortgage money on as little as an hour's notice. Up there with C&G in terms of service, I think.

[Biker Biggles]

Must dig out my history books.
Let me see was it 1926 Wall Street?
Who said crash