Northern Rock

I took my mortgage out with Northern Rock just before the big crisis, needless to say I wish I hadn't. Quite apart from the fact that life is a daily struggle now, I've found Northern Rock unhelpful and uncommunicative. With all that you hear on the news about reposessions and house prices falling, you'd think that banks would be obliged to help their customers in any way they can. Alas, not so it seems, my experience has shown me that the people these banks do business with seem to matter little. I phoned Northern Rock to ask for advice and was told there was nothing they could do to help, our mortgage 'holiday' had been used, we are already ...  Read the complete review

A friend of mine died 4 years ago leaving me his house in his will. He had a mortgage on it with Northern Rock, owing £125,000, with 20 years to run. I took on the debt, paid some of it off and continued with his mortgage payments each month. I have never defaulted on any payments, and Northern Rock have never insisted that the debt must be paid off before the expiry of the 20 year term. ..Until now. They have not admitted it, but it is obvious they have just received directives from on high requiring them to reduce their mortgage book - by fair means or foul. They recently wrote to me saying that unless I paid off the mortgage balance in full within 28 ...  Read the complete review

I used to have an account with Northern Rock because they have always been aggressive in terms of saving rates. Before they went nearly bust, this account was yielding 5.75% and by the time everyone was taking his or her money from the bank, I had a lock in period left of 3 months. I decided to leave the money there, since it was only 3,000 Pounds. I must confess that I had already written them off in my mind! I have then taken them out of the bank as soon as the lock in period expired. I still have a saving account with 2 Pounds and some pennies. I missed their last bond offer, but now that the Government has ...  Read the complete review

'Darling buds of decay' ~ Northern Rock part 2 ~ Please Note : > This review is based on the Northern Rock fiasco < Are we about to see more long queues outside Northern Rock again, like in September 2007? Now that the head of department has gone 'the fall guy'; we could now be witnessing a reality check credit carnage worse than Barings Bank. I am now feeling sorry for Mr. Adam Applegarth (the fall guy) which is highly unusual for me; as since is resignation nothing has changed. Northern Rock shares are lifeless in the market and scarcely rising to any form of normality. This is just 2 months on from their 25 billion government ...  Read the complete review

My wife and I were expecting our first child when we approached them for a mortgage to furnish our new house and they gave us a 'Together Mortgage' which really got us started and that was 4 years ago now. We should have made the rate fixed rather than variable, but that was our mistake. I read another review which found them to be the total opposite of mine, but that is down to personal experience. We have only had good times with them and would definitely recommend them to anyone who is looking for a first time mortgage as some of the major lenders are very inflexible. Their investments and bank accounts are quite highly rated by some of the search engines and ...  Read the complete review