Who took Northern Rock mortgages?
US hedge fund snaps up £5bn of home loans: Northern Rock and B&B stake finally sold by UK government. Britain’s ‘bad bank’ created in the aftermath of the financial crisis has finally sold its remaining stake in Northern Rock and Bradford & Bingley for £5billion.
What company took over Northern Rock?
Instead, the Treasury took over. After nationalisation, Northern Rock was split into two parts, the “good bank”, which was eventually bought by Virgin Money, and the “bad bank” called NRAM, full of risky loans. The Government has been selling off assets that it bought during the crisis for years.
What is NRAM called now?
NRAM plc was sold to the US-based investment firm, Cerberus Capital Management LP (Cerberus), on 5 May 2016. As part of this transaction it was agreed that Cerberus would change the name of NRAM plc to Landmark Mortgages Limited (‘Landmark’).
How do I claim against the Northern Rock?
If you arranged your current PPI policy through Northern Rock and need to make a claim, please call the Cardif Pinnacle claims team on 0344 543 1163*.
Can You claim compensation for Northern Rock mortgage?
Take our FREE Claim Assessment today. Mortgage With Northern Rock? It’s likely your owed Compensation. There’s a real possibility that you could be able to claim £1000s if your mortgage was mis-sold or overcharged to you by Northern Rock, or commissions were being paid to brokers without your knowledge.
When did Northern Rock stop offering together mortgage?
Northern Rock was one of the lenders leading the 100%-plus mortgage brigade over recent years. The bank offered its Together mortgage until February 21 2008, when it was axed. Together bundled an unsecured personal loan of up to £30,000 in with a mortgage at one rate, but like its other mortgages, the rate had become uncompetitive.
Who are the customers of Northern Rock bank?
Customers who remained with Northern Rock after its nationalisation will be mainly “mortgage prisoners” – customers who are trapped and unable to switch lender.
How to contact Northern Rock about PPI policy?
If you arranged your current PPI policy through Northern Rock and have a query about this policy, or need to amend your cover, please call the Cardif Pinnacle team on: 0208 207 9000 from 8:30am – 6pm, Monday to Friday. Standard call charges apply. WD6 2XX.
