Northern Rock Mortgages

'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 ...
...happen since? - The Northern Rock decay - The onslaught regarding to market shares has plunged another 16% recently and has acted as another hammer blow to Northern Rock bank's survival chances, which is worth a bet by the way, for those wanting to reclaim some lost pension back. This is when reality surely has hit the fan; despite all the hype and September media coverage stating to customers and savers that the forecast is good, and that it ...

1st2thebar 20.11.2007 · Read full review
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Review of Northern Rock Mortgages

Northern Rock are one of the cheapest lenders around for mortgages and even if you have credit problems in the past they will still help you. We took out a together mortgage with Northern Rock some three years ago and opted for the fixed rate. Obviously like all other lenders on fixed rate if you decide to move or sell up prior to the end of term then there is a retention figure to pay which in our case was as much as £3,000. Anyway they tell you ...
...The only downside of Northern Rock is that as I said they are slow. We took out a secured loan with another provider to do building works and Northern Rock confused the whole situation to be honest. There was confusion as to what the property was actually worth. The property on the open market is worth what its worth, but Northern Rock only state the rebuild value when supplying information to the secure lender and this caused no end of problems. ...

883girl 19.07.2007 · Read full review
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Review of Northern Rock Mortgages

...saw an advisor who recommended Northern Rock and he also informed me that Northern Rock could lend up to 30% more than the value of the property, which meant that I could consolidate my loans also, further reducing my monthly outgoings. I also had to pay a redemption penalty to my previous lender, as I didn’t stay another three and a half years to pay their extortionate rates. I ended up borrowing an extra £10,000 to cover the penalty and to ...
...twenty-five years, changing to a Northern Rock mortgage has given me flexibility I’d always hoped for in a mortgage. I went for an accelerated payment option which means that thirteen months worth of premiums is paid during every twelve month period but you don’t notice that you’re paying the extra as it’s already included in the monthly payment which is only £40 more per month than my old mortgage. I don’t know anyone ...

joannavos 12.03.2001 · Read full review
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Review of Northern Rock Mortgages

...to the adviser he recommended Northern Rock - mainly because they were the only provider who would touch me with a barge pole. Northern Rock were prepared to offer me 95% of the purchase price as a mortgage secured on the property, which meant they would give me £175,750 on a fixed rate for 7 years based upon an interest rate of 4.71%. In addition, they would also give me the option of taking out an unsecured loan or £19,250 that would be tied to ...
...ahead with the mortgage with Northern Rock and provided proof of earnings - a copy of my passport - the completed loan application and a cheque to cover the Northern Rock survey - £275. The survey is a standard price and basically ensures that you are not applying for a £500,000 on a house worth £10. This survey does not cover you for any structural defects so it is also adviseable to commission your own independent surveyors report. On the day ...

ladyboymondaytofriday 03.04.2006 · Read full review
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Review of Northern Rock Mortgages

I have been in the process of finding myself a new mortgage as i am about to move home. Having searched through several mortgage lenders i came across the idea of getting a mortgage with NR, considering i already have a load with them it seem a good idea to use the same company. I applied on line and within a few days i had a phone call from NR to discuss my requirements. I was introduced to all the different types of mortgage available and each ...
...to offer the best valuie for money for me. Being a man on a not over the top salary i have to be carefull about what i fork out and within minutes i discovered i could take the current loan and mortgage and addthem together saving me £195 a month. Ok the mortgage cost went up but so dod my maximum allowed for my mortgage, at the end of the day i am paying out nearly exactly the same amount per month in total bills and moving from a £34,500 Endowment ...

JasperUK 10.05.2001 · Read full review
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Review of Northern Rock Mortgages

...purchased a house with a Northern Rock Together Mortgage. The description from Northern Rocks' website of this mortgage is: Together is more than just a flexible mortgage. It gives you the money to buy your home as well as a cash reserve to give you money for the things you want. All at the same interest rate. It's ideal for first time buyers and it's flexible, so it changes as your life changes. A together mortgage adapts to your needs. From ...
...bigger place, extending your home and providing extra cash when you need it. Or simply switching your mortgage from another lender, to take advantage of together's features. Why did we choose this mortgage? We fell in love with a property that needed quite a bit of work carrying out (new kitchen and bathroom etc). This enabled us to borrow extra money at the same rate and over the same time period as the mortgage, but the loan was not secured on ...

smellyhelly77 24.08.2006 · Read full review
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Review of Northern Rock Mortgages

...broker found a mortgage with Northern Rock which would lend us what we needed to but a sensible house. I would consider our earnings to be reasonably healthy but main high street lenders were offering around £100K which for Sussex is pretty useless. Northern Rock offered us £175K which we took up. Considering we were paying rent of £750 per month and the mortgage, which is fixed for 5 years at a competitive 5.89%, is going to be around £730 per ...
...able to afford this. Northern Rock didn't fleece us with fees and charges lumped onto the mortgage as some other lenders do especially if they know you have no choice. They sorted the money quickly and efficiently and we are now happily moved in. Would highly recommend them! PS They also gave us £1000 cash for taking out the mortgage. ...

charlynet 16.02.2006 · Read full review
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Review of Northern Rock Mortgages

...my council house and used Northern Rock as my lender because of the excellent rate they offered, I also got a home improvement loan, what a nightmare that turned out to be, the retained half of my money until I carried out all the improvements which I currently had to get quotes. Anyway the upshot was I was supposed to get another survey done on the property when the work was completed to get my other half. The surveyor sent the report straight ...
...anything, when I phoned them they said that they had changed their policy and they only needed a fax from my solicitor, I was rather upset at the fact I had to pay to get a survey done. I did get the money eventually and paid of all my workmen who where understanding thankfully, but it was a real let down and put me on a downer after being on such a high about becoming a home owner. Incidentally not had any other problems since,they have been very ...

shazzywazzy 22.03.2001 · Read full review
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Review of Northern Rock Mortgages

Originally Northern Rock were very efficient with dealing with my Mortgage, and have great products for you to choose from. They have one called a Together Variable Mortgage, where you get a secured amount,for your home, and an unsecured amount of 30% of the secured amount, and also a Credit Card with a £5000 limit, all this with the same variable interest rate, all in. This helped me for my deposit for my first home, and enabled myself to update ...
...of the coin. Northern Rocks attempts at my Re-Mortgage, firstly, I applied for a Together Mortgage 4.9% fixed for 2 years, on the 22nd February and was told on the phone, fine as you know what product you require this would be sorted out for 1st March funds available.So phone calls from myself to Northern Rock after not receiving the required documents to sign, end with, sorry, but it will complete for 1st April, fair enough. Through out March i ...

buttskii45 06.06.2003 (11.06.2003) · Read full review
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Review of Northern Rock Mortgages

...bought my first flat with northern rock as they were very flexible on what they would lend me, offered an OK rate and were happy to take on my other unsecured debts at the same rate as the mortgage. This worked well and my first experience with them was OK apart from being charged for things out of my hands - I bought a leasehold flat which meant there was a management company who insured the building - as I didn’t insure with NR they decided to ...
...no choice over the insurance. They also charged me a £50 non payment fee for missing the first payment. This happened because the direct debit had been set up on the wrong account, and when I asked them to change it they were slow. Again not my fault. Anyway, after some time I moved in with my partner and later sold my flat. Some time later we decided to buy a bigger house together and as her income is varies it was difficult to prove, but NR were ...

plane_boy 18.01.2005 · Read full review
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Review of Northern Rock Mortgages

...my wife suggested remortgaging through Northern Rock's Together Mortgage. This would enable us to borrow 125% LTV at one decent rate (5.5%). So, we arranged an appointment with an advisor at a branch, who was brilliant. We took in a spreadsheet to show what we could afford each month and how the Together product would, in our eyes help us out by paying off our debts. The advisor agreed that it would, and filled in our application there and then. ...
...(would have been a month but for Xmas). We've hardly noticed a change, that's how smoothly the process went. Our previous mortgage was with Leeds & Holbeck. NR put them right in the shade. The product is flexible too, offering a payment holiday every 12 months, and also the possibility to have up to 6 months off (for maternity etc). You can also take advantage of a 35 yr term - great for 1st time buyers until they start earning more! Plus, you ...

Hmmmmm 07.03.2006 · Read full review
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Review of Northern Rock Mortgages

...a fixed rate mortgage with Northern Rock at the end of 2001. There was a decent interest rate and the flexibility to vary payments to a certain level. The product itself seems quite appropriate for my needs. However, the trouble I had in actually securing the mortgage (as a result of the company's inadequcies rather than my financial situation!) was quite unbelievable. I originally applied through a mortgage advisor, and the first written quote ...
...firm but they started introducing errors into the documents to such a level that they had to issue nine agreements before they got the amounts and my personal details correct. Talking to an operator was an experience too - it generally took about 30 minutes to be connected and they then knew far too little about my application - different people dealt with my case each time and repeatedly they failed to note down the details of the conversation we ...

kermabun 07.07.2002 · Read full review
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Review of Northern Rock Mortgages

Incompetent. Arrogant. Unhelpful. Beauraucratic. Slow. Money grabbing. I'm still waiting for the results of a survey I instructed weeks ago. My vendor is threatening to pull out of the sale for the third time. They never do what they promise & you speak to a different person every time you call. They call me on the pretext of resolving my complaonts but are only interested in defending taking money from my account without permision. They behave like a company on the verge of bankrupcy ...

buddhamcbuddha 28.07.2007
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Review of Northern Rock Mortgages

...for 2 years option with Northern Rock,only problem was that their Contents & Buildings Insurance had to be taken at the same time and had a 6 year tie - in period. I would recommend anyone to think about taking the Insurance with their Mortgage as I was being charged £347 per year with Northern Rock.Compare that with the £110 I am paying now for Contents & Buildings insurance we are getting through our bank. We have now reverted to a repayment ...
...the repayments right.They quoted us a monthly payment of X amount but when the papers came through saying everything was finalised it was nearly £50 MORE a month than they origanally mentioned.Somebody got there sums wrong and have ended up paying the higher price. Find this bank to have one of the highest rates of intrest,currently we are at 6.99%, the base rate at time of writing is 5.00%.Also very slow in dropping their rates,but like lightning ...

paul55 18.08.2001 · Read full review
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Review of Northern Rock Mortgages

...fort he together mortgage by Northern Rock as it was the only way i could move as i was in negative equity. i wish i had never bothered. the product is excellent, however the company are awful. i have never dealt with such an incompetent company in my whole life, I am an ex Independant Financial Advisor and believe me i have dealt with some bad companies. they seemed unable to give straight answers to questions the product literature is miss-leading, ...
...to move without the product now that i have i am remortgaging to the PORTMAN Building Society after being with NORTHERN ROCK for only 3 months! i would not recommend anybody using this company unless absolutely necessary and then only use them for the shortest period possible. Phil Marsh ...

phil-marsh 29.09.2000 · Read full review
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Review of Northern Rock Mortgages