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date: Fri, 19 Sep 2008 05:21:32 -0700 (PDT),
group: uk.finance
back
a lwyer explains the collapse
http://www.sendspace.com/file/lo1au0
and something I wrote years ago
http://www.rosenoire.org/misc/ramu.php
date: Fri, 19 Sep 2008 03:27:07 -0700 (PDT)
author: thedarkman
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Halifax Tracker Mortgage - Base rate plus 0.25% - will this change
with recent take over?
I've got a mortgage with IF.com (Halifax) which is gauranteed to be
0.25% above the BoE base rate for 4 years.
...my question is, now that Halifax has been taken over do the new
owners have to honor the terms of the orriginal mortgage contract or
can they just make it up as they see fit?
I'm guessing that since Halifax havent gone bust, they just have new
owners that the contract is still valid?
Any info appreciated.
David Bevan
date: Fri, 19 Sep 2008 05:21:32 -0700 (PDT)
author: unknown
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Re: Halifax Tracker Mortgage - Base rate plus 0.25% - will this change with recent take over?
wrote in message
news:24983a55-9d0c-4511-969e-dbd568dcb25e@f63g2000hsf.googlegroups.com...
> I've got a mortgage with IF.com (Halifax) which is gauranteed to be
> 0.25% above the BoE base rate for 4 years.
>
> ...my question is, now that Halifax has been taken over do the new
> owners have to honor the terms of the orriginal mortgage contract or
> can they just make it up as they see fit?
>
> I'm guessing that since Halifax havent gone bust, they just have new
> owners that the contract is still valid?
>
> Any info appreciated.
>
> David Bevan
Yes, it is
date: Fri, 19 Sep 2008 16:50:18 +0100
author: Section 31T
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Re: Halifax Tracker Mortgage - Base rate plus 0.25% - will this change with recent take over?
junk@davidbevan.co.uk wrote:
> I've got a mortgage with IF.com (Halifax) which is gauranteed to be
> 0.25% above the BoE base rate for 4 years.
>
> ...my question is, now that Halifax has been taken over do the new
> owners have to honor the terms of the orriginal mortgage contract or
> can they just make it up as they see fit?
>
> I'm guessing that since Halifax havent gone bust, they just have new
> owners that the contract is still valid?
>
> Any info appreciated.
Even if they had gone bust, the new owners would still have to follow the
T&C. The loan agreement sets out what you have to repay and when. They
can't turn round and ask for more, or for the money earlier just because
they've gone bust.
In any case, it looks like Lloyds TSB's business will be transferred to Bank
of Scotland (trading as Halifax, IF, Birmingham Midshires etc) rather than
the other way round, as Bank of Scotland has a licence to print money, and
Lloyds doesn't.
date: Fri, 19 Sep 2008 20:39:46 +0100
author: Jonathan Bryce ldomain
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