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Author Topic: The Mortgage Industry  (Read 2244 times)
Sippo
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« Reply #15 on: Friday, September 14, 2007, 09:09:06 »

I have a mortgage offer with northern rock, does this mean I'm fooked?!
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If my calculations are correct, when this baby hits 88 miles per hour, you're gonna see some serious shit...
red macca

« Reply #16 on: Friday, September 14, 2007, 09:10:06 »

Quote from: "Sippo"
I have a mortgage offer with northern rock, does this mean I'm fooked?!
Not really fucked to be fair the Boe would not have bailed them out if they did not think it was only a short term issue.
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Sippo
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« Reply #17 on: Friday, September 14, 2007, 09:12:07 »

But knowing my luck it will go tits up! If they've given me an offer can they withdraw it?
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If my calculations are correct, when this baby hits 88 miles per hour, you're gonna see some serious shit...
red macca

« Reply #18 on: Friday, September 14, 2007, 09:15:50 »

For your own piece of mind sippo call them, up until contacts have been signed both parties can still pull out

Im sure you will be fine though
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pauld
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« Reply #19 on: Friday, September 14, 2007, 09:21:58 »

Quote from: "red macca"
For your own piece of mind sippo call them, up until contacts have been signed both parties can still pull out

So what you're saying then macca is that in many ways buying a house is a lot like buying a football club?  Cheesy
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Fred Elliot
I REST MY FUCKING CASE

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« Reply #20 on: Friday, September 14, 2007, 09:28:07 »

Quote from: "red macca"
Speak for yourself fred Cheesy


Thats why I said MOST BLOKES mate
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STFCBird
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« Reply #21 on: Friday, September 14, 2007, 09:30:31 »

Quote from: "Sippo"
I have a mortgage offer with northern rock, does this mean I'm fooked?!


They said on GMTV this morning that they will be honouring all mortgage offers.
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Sippo
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« Reply #22 on: Friday, September 14, 2007, 09:32:31 »

But we're talking about me here Birdy...with all the luck I've had since february I wouldn't be surprised if it goes tits up again!
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If my calculations are correct, when this baby hits 88 miles per hour, you're gonna see some serious shit...
STFCBird
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« Reply #23 on: Friday, September 14, 2007, 09:34:19 »

Quote from: "Sippo"
But we're talking about me here Birdy...with all the luck I've had since february I wouldn't be surprised if it goes tits up again!


Then you are due for a break. Don't worry about it. They are quite confident it's not going to affect existing customers or those with mortgage offers
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pauld
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« Reply #24 on: Friday, September 14, 2007, 09:42:34 »

Quote from: "Sippo"
But we're talking about me here Birdy...with all the luck I've had since february I wouldn't be surprised if it goes tits up again!

Like Macca said, actually the fact that the Bank of England are prepared to lend to them is pretty much a guarantee that they're fairly solid. It's the ones that need a facility from the Bank of England and don't get it that are going to go down.
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Bushey Boy

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« Reply #25 on: Friday, September 14, 2007, 09:51:48 »

Were still finding houses that will take a stupid offer at the mo, the government is fucked if they let the housing market go
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genf_stfc

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« Reply #26 on: Friday, September 14, 2007, 10:19:50 »

presumably if you are with northern rock it could work in your favour - if you owed 100,000 but you could borrow 70,000 from somewhere else I wonder if they would take that if they are desperate.. or is it only ken bates that can do that.
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magicroundabout
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« Reply #27 on: Friday, September 14, 2007, 10:48:20 »

does anybody have any dealings with National Home Buyers?

ok it's the last resort i know but my house has been on the market for 8 months and i'm seriously fucked off with it.
i'm now divorced etc and the house is the only tie.

It's on the market for £140k (reduced) and we have an outstanding mortgage of £126k.

i'm half tempted to contact them and if they give me an offer which covers my mortgage at least, i'll snap there hand off as i'm pissed off with paying for it still (as is my ex)
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Matchworn Shirts
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« Reply #28 on: Friday, September 14, 2007, 10:50:37 »

I would shocked if they offered you anywhere near its worth - I believe their offer is around 50% of its market value
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magicroundabout
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« Reply #29 on: Friday, September 14, 2007, 10:51:54 »

Quote from: "Dachauer"
I would shocked if they offered you anywhere near its worth - I believe their offer is around 50% of its market value


 :shock:

fook that then
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