Northern rocks been nationalised, what does this mean for people who have mortgages with them?

Look at it like this: The house that you thought that you had bought (but was actually owned by the Bank), is now owned by the State; you therefore effectively now live in a Council House as a tenant of the Government! Your mortgage payment is effectively your rent!





As a property owning capitalist, whom probably had strong views about Council Estate residents.......How does it feel to be one?





Pay your mortgage off so that you can hold your head high again if you can; if you can't, just realise that although all mortgagees 'think' that they are property tycoons.......the reality is that all mortgagees are just modern day council estate tenants made to believe they are somehow better because they pay overly large mortgage payments instead of reasonable rents!





Ahhhh progress!Northern rocks been nationalised, what does this mean for people who have mortgages with them?
Nothing changes you still have to pay it back! just means its now owned by the treasury!Northern rocks been nationalised, what does this mean for people who have mortgages with them?
Just keep making your payments as normal.
it means nothing things wont change for you
you still get to pay.
no more cheap deals ...repossessions threatening letters ...!! just the usual with government approval !!!!!!!!!!
Im affraid you wont get away with what you are thinking?...its more than likely the government will ';sell on'; the mortgage business!...