Friday, January 22, 2010

Fixed Term Rates I Am Coming To The End Of My Fixed Rate Term Mortgage With Northern Rock?

I am coming to the end of my fixed rate term mortgage with Northern Rock? - fixed term rates

I can not really afford the increase, which has given me when I'm with them due to their current status?

8 comments:

Johnny said...

You have to change companies, Northern Rock is trying to reduce the number of customers who are not very competitive, too. Go to the IFA.

zedkay said...

You become one of the statistics that the documents have spoken with enthusiasm.
First, try Northern Rock to see if they have another "product" (mortgage agreement) for you.
Try as many other mortgage companies you will find find the best fare that suits you. They are not likely to pay the same amount you paid for
You need another credit check with someone else.

Beware of hidden costs such as fees, legal fees, examination fees for new products. Many of these banks pay, so you can join them.

Good luck, because this can be very tiring!

Ollie said...

You can also use other banks and change your mortgage.
Good Luck

Ollie said...

You can also use other banks and change your mortgage.
Good Luck

leambi said...

Jump to an independent mortgage broker to find a group of lenders for the best deal for you (probably best before you finish your product, or you'll end up paying the standard rate would have done). A mortgage broker will have the opportunity to remortgage the best deal available and should not charge for this service.

Twinkles said...

Northern Rock is currently not competitive with their prices, especially for existing borrowers who are approaching the end of their fixed rate period. You try to leave to reduce their loans to borrowers actively promoted.

The best approach would be independent financial adviser mortgage can for the market to find the best deal for you, taking into account your personal circumstances. Each time a modified fixed / discounted ends, the monthly payment is always best to consult with and then if you can do something better.

However, if your mortgage over 95% of the value of the property be used with your product. The current economic climate means that have lenders from lending to the market value of their opinion, the risk is too high is withdrawn at this time. I hope this is nothing to you.

Hope this helps, but if you need help, please let me know.

steve B said...

Unfortunately due to the current financial problems, which have both in the UK and around the world, the banks have become very nervous.

So unless you have a good amount of equity in your home or currently have a loan not more than 3.5 times your income, you'll find your options are limited.

My advice would be find to start a decent IFA, but a warning from lenders, fees, and in some cases, would reduce the savings could be achieved in the interest influence.

I hope that helps a little.

steve B said...

Unfortunately due to the current financial problems, which have both in the UK and around the world, the banks have become very nervous.

So unless you have a good amount of equity in your home or currently have a loan not more than 3.5 times your income, you'll find your options are limited.

My advice would be find to start a decent IFA, but a warning from lenders, fees, and in some cases, would reduce the savings could be achieved in the interest influence.

I hope that helps a little.

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