my NR deal comes to an end in december.  I ve been refused by another lender as they say I have failed the credit search. Apparently and unbeknown to me this is due to my being a few days late paying 2 small payments due on a credit card. Internet transaction time.  Under the new rules they would have gone in on time  I have no bad debts or outstanding payments on anything.  All my major payments are on direct debit.
The lloyds TSB scheme sounds good to me. However, despite having a credit score of 979 I.m apparently a bad risk!!!!!!
I am very annoyed at this arbitary rate of checking credit status.

If anybody needs any advice i am an indepedant broker who offers free mortgage advice and i can calcilate which is the best option for all Northern Rock customers as i know there products inside out you can contact me on ryan@bkhyland.co.uk
its not all doom and gloom

Hi,
My parents are pensioners and have an interest only morgage with Nothern Rock. Can you advise on what would be the best and afordable option for them under this change.
Thanks,
Robert.

i have a northern rock mortgage it is a fixed one till 2011 i am very concerned and wondering should i get out now or wait till the term runs out?
can anyone advise

I have a NR mortgage as well, but Im sitting tight. I have current account with Lloyds TSB and they are not good to bank with.I am slowly changing my account. I took a loan with Lloyds and made a couple of late payments and re financed my lan and overdraft when I was a student so Icould pay it all off - my god! havnt I paid for that!!!! - 5 years later I still cant get an overdraft for £10:00 with Lloyds but since have got two propreties and take home 2K per month which isnt a bad salary. I would think twice about doing taking anything with Lloyds! and I would definatley read all of the small print cos they dont tell you the whole story. BE WARNED!

thanks andrea i am really thinking of hanging tight to see what happens my mortgage is fixed for a couple of years anyway,and i think all the banks at the moment will just rip you of anyway if you want to transfer
i will hang fire for now
thanks

it goes without saying that a vast majority of morgage holders are going to fail the credit check due to late payments of some kind, as all bills are climbing and robbing peter to pay paul is the only juggling act they have, seeing as wage increases are not keeping up with utility bill robbery being forced onto every one regardless to earned income coming in,
most people will have to hold tight and not knee jerk into jumping morgage lenders as it can  increase pressure with the extra cost of your new morgage if your lucky to get an offer at inflated rates, sit tight and ride this problem time out if you can, a clearer picture will open up and things will level out,remember these lenders are a business and sooner or later when all the super secure people are all catered for they will have to look at easing the credit check status, dont panic,there is a light at the end of the tunnel.

for Sharon
We have just come to the end of our term and have been told that we cannot remain with NR.  The Lloyds deal offered is not the most competitive and we have obtained a broker to get us a good deal elsewhere.  If you have a fixed rate (probably around 5% then stick with it until it comes to an end - I wish I didn't have to change as you end up with more fees and no doubt a higher monthly payment!
For Ryan
I might have moe confidence in you if you could spell properly!

Hi

My Northern Rock mortgage comes to an end of its fixed term in November.  I took out the over loan to value mortgage, some of which is on a personal loan - what happens next, will I be offered this C&G deal?  I have too made two late payments on credit cards - will I be a bad risk?

What use is this change for those who took 95% mortgages plus paying a £3000 Application fee to Northern Rock for the pleasure - heard of fair weather friends! I think Northern Rip Off is a more apt name for this
excuse for a financial institution  If anyone knows how to get a better
deal out there Please Let Me Know!

I have a current account with Lloyds and a Northern rock mortgage and would rather stab myself in the eye with a fork than take a mortgage to Lloyds.Its a terrible bank and i have wrote to date at least 7 letters of complaints to them and another 3 to the Finacial Ombustman service over the past two years. Their attiude in most of the complaints were basically they are always right,thats if you can make any sense of the person on the other end of the phone they will usually start the phone call by saying your name wrong and thats if you can afford to wait on the phone for a hour before anybody answers.I think that i will be looking elsewhere.

I Fully support Andrea and her opinion of Lloyds TSB, TSB used to be the working peoples bank, many of my family and friends banked with them for generations, I myself opened my first savings account with them in 1966 and still use them only because they have a branch in my high street, I feel they have gone from a caring organisation to a totally autocratic money making operation, every time I go into the branch I am invited to talk to another member of staff who of course only wants to sell me house insurance, stock market or saving investments, or have another credit card of theirs.  I too have a mortgage with Northern rock (since 1972) and am unhappy that a organisation like Lloyds/TSB will have any control of this as i have always found Northern rock to be a people focused society.

with a fork!?  Oh!!

Don't do that, please Mr Nind.  I suggest you move to Co-operative bank.  They're a true customer-focused bank, and their service levels (phone, internet or branch) could actually be described as awesome - consistently, too. This is my experience having had current accounts with first Halifax, then Natwest, now Co-op for 7 years.  

I don't make recommendations like this lightly, but I'm always surprised
how many people stick with unhappy service from the 'big 4'...

Anyone who took advantage of the 'upto 125%' deals, read your original mortgage offers again, you may find that you can move your secured part of the mortgage to another lender and keep the unsecured part of the loan with Northern Rock, however they will increase the rate by approximately 8% above their Standard Variable Rate.

My fixed rate mortgage finished a few months ago with NR.It then reverted to their variable rate of 7.49 which added £30 a month to my payments. I've stuck with them as changing to a new provider and paying their set-up fees far out-ways moving mortgages. I am also paying an extra £100 a month and have done for 2 years. I'll play it by ear but will not change to LLoyds due to comments on here!!