Flat-Four

I might be worrying for no reason but have a mortgage promise with NR! We are talking loads of dosh!
Any ideas?

Baby Scuff

If its the best deal and they don't try to change the t&c's, take it. The worst that will happen is they will go into recievership, the mortgage will be sold on and you should be on the same rate with a new company but IMHO if it was going to happen, it would have by now.

remember, you will owe them money so there isn't any thing to lose from your side.

stevebt

iTrader: (8)

If the bank collapse's you will end up being out of pocket thousands of pounds !!












but seriously i have a NR mortgage and its us that owe them money !! who cares, its not as though they will write our cash off i would be more than happy to renew my mortgage even though im tied in for about 3 more years.

Flat-Four

I suppose it would be different if I had my entire life savings with them.......Saying that £10.90 won't send them under!

Petem95

I wouldn't worry - they won't let NR go bust.

The Snug Rhino

NR are business as usual with regards their loans.

David Lock

How can they keep loan rates competitive if they are paying a premium on money they borrow from BoE?

EddScott

I've just taken a small loan with them for the wifes car and they gave the best rate.

David Lock

Just guessing but that would be an unsecured loan (?) with a rate way over what you would expect to get for a mortgage. dl

The Snug Rhino

their unsecured rates are also good.....and they havent taken a penny from the BOE so why would it impact their business at this point?

David Lock

I thought that they has used 4 billion from the BoE facility? If I have this wrong then I agree that they can still be competitive although they may well be a little more cautious.

tonybooth

That being the Royal they as in us the taxpayers!

T