...effectively. Congratulations!
Seriously though, does anyone (stanmore) know how this nationalisation thing will affect my mortgage? Even though the website says all terms of my mortgage remain the same - i'm a little bit nervous.
I still have a year or so on my fixed rate but after that am i likely to get stung?
0
Comments
Yes...Bad luck, old bean.
Speak to a mortgage advisor, but my guess is nothing. At worst your fixed rate mortgage will continue at the same rate and then in a year it will be fixed to whatever the rate is. I don't think you'll be stung.
By then NRK might be taken over/privatised.
Sponsoring Newcastle United. Sort it out Brown!
At the end of the fixed rate, IMO, you should be looking to remortgage anyway, to get another lower rate fixed.
Just ensure you look into a new deal elsewhere ahead of when your fix ends. With rates likely to fall in the next 12 months, you appear to have timed your fix pretty well.
Correct me if i'm wrong but if he's already on a fixed rate and still has a year to run, then the 2 recent drops in the interest rate won't have affected him, and neither will any drops in the next 12 months, so hasn't he timed his fixed rate badly? He should have gone on a variable rate surely?
Funny as they increased my payment straight away.....
Please make sure you keep our house in tip top shape !
I'm with the Northern Wreck too.
My fixed deal finished part way through last year just in time to get hammered by the then succession of bank rate increases.
I couldn't get out of it for 12 months without paying a £3,000 penalty.
And if I paid up and moved my mortgage elsewhere, then I'd have to pay up another set of arrangement fees, valuation fees, solicitors fees and other trumped up costs.
And when the bank rate did finally drop, Northern Wreck only passed on half the reduction.
Greedy profiteering b*stards. It turned out to be the worst mortgage deal I'd ever had in 25 years of owning my own house.
They can go to hell.
I do have a question though, our mortgage rate was fixed for 2 years and agreed in December 06. Due to delays with the purchase we didn't actually start the mortgage till March 07, however, do we remortgage when the rate runs out in December 08 or March 09? or does it depend on what our blurb says?
Years back i wentto the Abbey for a mortgage. They did the survey , which said not a morgage able prpoerty. Went back to the Abbey.This Dorris kept me waiting like ur at The Head masters. She then went through how they couldnt lend me the money re their survey.She did this like she was talking to a 10 year old. I sat there and listened and then had the real pleasure in saying " yes i fully understand the report.However its not my problem ,i will find somewhere else. It is yourselves who have the problem as its Abbey who have the mortgage on that property already. Good bye ". Her face was worth the wait. 2 months latter got a letter, they had a rethink and they would llove to lend me the money on that property .ooooooooooooooooooooooo f**kin would you.
because we had to pay a higher lending charge due to being first time buyers and not have loads to put up for deposit, plus we put that and the mortgage fees onto the mortgage as we didn't have the money at the time, so we're paying a higher rate on that, but the fixed rate on the actual mortgage borrowings. does that make sense?
No.
Then again its not suprising for me as i just sign things when i'm told to.
What i meant is that when his current fix comes to an end, rates should of returned to a lower level if he wishes to refix elsewhere.
Yes and no. I'll drop you an email
Please allow me to introdcue myself
My name is Mr Gerry Mander
My late uncle, Mr R Noady, was a high ranking official in the national Bank of Tangoland. Without his employers knowledge he managed to move a large amount of money, £15,000,000.00 form various secret slush fund accounts know as the Selhurst accounts to a private offshore account held by a third party.
My uncle died recently and I would like to recover the funds from the third party account but am unable to do so as my Uncle, for obvious reasons, didn't want to publicise the exisance of these accounts. Because of the dubious nature of the original accounts that my late uncle moved this money from the bank of tangoland have written the money off as they don't want to attract attention from the Finacial Authorities (the FA)
So, the money is in the account waiting to be claimed.
If you could assist me by letting me use your bank account to transfer this money back to the UK I'd be happy to pay you a 10% handling fee for your trouble.
All I require is your bankers name, your account number, your secret pin numbers, your credit car numbers, their secret pin numbers, your secret passwords, a cheque for £10,000.00 as a handling fee, your address, your previous address, your dogs name, the registration number of your car, your mobile phone number, the mobile phone number of at least seven other women, the middle name of the man standing three feet to your right and an ice cold tin of tango and we can proceed.
I'll bring the paperwork to Bloomfield Road for you to sign.
Yours in total good faith
Gerry
Probably should have gone on a variable one for a couple of years but at least we know where we stand for 5 years.
Surely what they were doing was what made them competitive, and with that comes a degree of risk?
The government don't seem to be rushing to help all those who have lost their pensions through their employers stupidity/collapse so why help that bank out?
Just reaffirms my hatred of poilitcians and government