New Mortgage Guides

Other Mortgage Guides

Mortgage Types

Mortgage Tools

Mortgage lenders in agreement

Fri, 06 Jun 2008

Recent reports from the mortgage market indicate that Lloyds TSB will pick up customers from struggling mortgage lender Northern Rock . The deal, signed yesterday, will give Lloyds the ability to offer Rock customers a new mortgage loan when they come to the end of their current deal.

The deal will benefit some customers, who will be given the option of a direct switch to a fixed-rate mortgage loan with no valuation or conveyancing fees. The remortgages will be handled by Cheltenham and Gloucester .

However, in order to get the fixed-rate offer borrowers have to be looking for less than 80 per cent of their property value, meaning it will be unavailable to many Northern Rock customers. For instance, those that took out a Northern Rock Together mortgage, often at 125%, are unlikely to qualify.

Some borrowers may be able to borrow upward of the 80% limit, however. Northern Rock are reducing their mortgage customers.
add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.

 

 

Mortgage lenders

Browse mortgage lender offersMortgage Rates by Lender

  • Browse current mortgage offers from over 90 lenders.
Browse

Worried about mortgage repayments?Worried about Mortgage Repayments?

  • Join our petition to Government to bail out burdened individuals, not just banks.
Sign the petition

Free mortgage quoteFree Mortgage Quote

Apply Here

Mortgages in Scotland Mortgages in Scotland

Read More

Equity releaseEquity Release

  • Unlock equity in your home.
Apply Here

Switching mortgagesSwitching Mortgages

Read More

Home reversion plansHome Reversion Plans

Apply Here

Commercial mortgages Commercial Mortgages

  • Commercial property loans
  • Starting a business?
Apply Here

Arrears & CCJs?

  • Remortgages
  • Sub prime mortgages
  • Arrears, CCJs
  • Self certification
  • Debt consolidation
Apply Now

Protect your mortgageProtect Your Mortgage

  • 3 months free mortgage protection cover
Apply Now

Mortgage Newsletter