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Moving a Mortgage from Northern Rock

Found in: Mortgages September 29th, 2008

A few weeks ago, Northern Rock announced they were not going to be offering their existing mortgage customers a new mortgage when they’re current offer came to an end.

Instead, existing customers were offered products from the Lloyds TSB range.

This may well suit a number of people but there is every possibility not everyone with a Northern Rock mortgage will be happy with this solution.

For consumers who are at the end of or are coming to the end of their existing Northern Rock mortgage and need to move away from Northern Rock but do not wish to accept a Lloyds TSB offer there are options available.

In order to find the best mortgage available to meet the varying circumstances of Northern Rock customers a comparison of the current market will provide a good starting point.

Companies like Moneysupermarket.com offer comparison services and you can use their comparison tool to compare mortgages online.

An independent mortgage adviser will also be able to compare the mortgage market and in many cases this is a more thorough option. Not only will they ask more questions which will help pinpoint a suitable solution but they will also be on hand to answer questions.

By partnering with a local firm of adviser with National coverage it is possible to contact a mortgage adviser online.

Need help and advice? Use our Mortgage Enquiry Service to contact a specialist:

  • By working closely with FM2 Financial Consultants, creditmarket.co.uk has access to a wide range of mortgage solutions, even if you have had difficulty obtaining credit in the past.
  • With access to a mortgage database containing thousands of products including high-street lenders FM2 Financial Consultants are able to quickly find a product to suit your individual requirements.

 

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FM2 are 'whole of market' advisers with access to a mortgage database containing thousands of mortgage offers - updated daily with many high-street lenders including Halifax, Nationwide, Woolwich, Alliance & Leicester, Cheltenham & Gloucester, RBS, Abbey, Northern Rock, Coventry and Leeds Building Society. Their advisors are able to quickly find a product to suit your individual requirements.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

 

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