Northern Rock ................ LOW rate Mortgages ???

Now that Northern Rock is owned by the public (Nationalised)........ Will we get Mortgages at cost ????

After all there is no share holders and they don%26#039;t have to make a profit...............All they have to do is cover costs.....

Will we now be able to get a mortgage at 2% in line with inflation ???

After all thats what Nationalization means..... OR will the Government rip us off and run it as a profit making machine.

Please don%26#039;t say it HAS TO,,, as the government have already put Billions into it,,,,,, As now we own the Bank we thecnicaly have all the BILLIONS BACK.....

Northern Rock ................ LOW rate Mortgages ???

very good point...we shall have to wait but the gov do not put money i for loss..so 2 % shall rise

Northern Rock ................ LOW rate Mortgages ???

fat chance ......just wait till they start repossessing peoples homes,,, which they will ...this government has no sentiment for the working class.!!!!!!!!!!!

Northern Rock ................ LOW rate Mortgages ???

weve been ripped of in taxes,national insurance,pensions,fuel duty,had immigrants galore,but not content with that,labour decides to shove a big rock up are arses too,should have known it would be northern with gordon brown aye

Northern Rock ................ LOW rate Mortgages ???

In an ideal world, yes.

But surely as it%26#039;s only a short term (or has been suggested %26#039;run at arms length%26#039;) proposal they will offset their financial input and sell asap once that is done.

Why would anyone within the realms of normality (namely working people, struggling to pay for the everyday running of life) gain from this? There much more deserving people out there: immigrants, DWP beneficiaries, yobs, etc, etc, etc.

Northern Rock ................ LOW rate Mortgages ???

IDK!!!

Northern Rock ................ LOW rate Mortgages ???

The bank has to pay back tax payers first..the Govt is not competent enough to run anything at a profit...they can%26#039;t even send discs between two towns with sensitive information on it..the bank will be run as a business by whoever eventually get their hands on it...a foreign company by all accounts probably a soverign wealth fund...Mumbai, Shanhai or Dubai based..at if the mortgages are given to you at cost by whoever how to they pay their running costs? How can you have the billions back when the bank is worthless at the moment..how can you technically have the billions back just bcoz we own it..? where do these billions just materialise from? the shares were suspended from Trading on the stock exchange on Monday as they fell to 5p a share..thats billions lost righjt there...where are these billions you talk about?...the bank is bankrupt...

Northern Rock ................ LOW rate Mortgages ???

they are getting rid of mortgages from what I hear - they are to be marketed as a savings bank!!