Northern Rock

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 ...

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 ...

'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 ...