Northern Rock. Again.

They have now stopped the policy of refunding redemption penalties for those still part of Northern Rock Asset Management.  So if you want to raise extra money on your mortgage, you cannot do so and will be forced to move to another lender and pay redemption penalties.

This is the opposite of what has been said previously and leaves those customers will no choice but to have to pay redemption penalties.

Northern Rock should be ashamed.

This entry was posted on Monday, July 12th, 2010 at 2:13 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Northern Rock. Again.”

  1. les Says:

    July 31st, 2010 at 8:25 pm

    I am being charged £3500.00 early repayment charge by Northern Rock Assett management, in March 2010 i told them i was moving to a new build house which was not ready until Sep 2010, they said unless i move by 30-06-2010 i would be charged £3500.00. I wrote to Financial Ombudsman and they say they sympathise with me but they cant do anything about it!!! Have now written to Mark Hoban, Assistant Financial Secretary, awaiting reply? NORTHERN ROCK customers need to complain, the more people that complain something will get done!!

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