Metro bank

[northernladuk]

Share price is doing well, down 6.4% at £5 exactly
Was at £22 only 4 months ago

Buy buy buy... ah crap.. too late.

I was gonna have a pop at this one but missed it

[BlueSharp]

If a mortgage is taken over or sold to a third party then T&Cs remain the same however, if your bank goes phut, then the T&Cs disappear. In fact, the liquidators could demand the outstanding amount of the mortgage to be repaid on demand.

I hear they would also want my first born.

Worse case scenario the mortgage would be transferred to these guys http://www.ukar.co.uk/. Which is ironic really as some of this mess could of been caused by Metro buying bad debt from them via Cerberus and miss accounting the BTL mortgages.

Anyway they secured the required funding in 3 hours and shares have already jumped 22%. As I said a none story.

[Benny]

I had a contract at M3trobank,

Did you also have to do a conga around the office after your Disneyfied indoctrination?

When I was there they do a 2 day induction for all starters including contractors which included picking a song and amending it to be applicable to Metro, then on the 2nd day you had to do a conga around the offices singing your song - absolute bolloxs - main issue was they thought of contractors as employees and I was hauled before CEO for refusing to do those on line banking test things
All IR35 pointers but I did meet the dog and Vernon and his missus, some nice totty in Holborn offices made it more bearable

British Museum around the corner for lunch breaks

[jmo21]

If a mortgage is taken over or sold to a third party then T&Cs remain the same however, if your bank goes phut, then the T&Cs disappear. In fact, the liquidators could demand the outstanding amount of the mortgage to be repaid on demand.

That's not going to happen though is it.

[Old Greg]

Did you also have to do a conga around the office after your Disneyfied indoctrination?

When I was there they do a 2 day induction for all starters including contractors which included picking a song and amending it to be applicable to Metro, then on the 2nd day you had to do a conga around the offices singing your song - absolute bolloxs - main issue was they thought of contractors as employees and I was hauled before CEO for refusing to do those on line banking test things
All IR35 pointers but I did meet the dog and Vernon and his missus, some nice totty in Holborn offices made it more bearable

British Museum around the corner for lunch breaks

And did you subject yourself to this abject humiliation?

[Benny]

And did you subject yourself to this abject humiliation?

If you pay my day rate I will dance to whatever tune you desire

[GJABS]

Most disappointing - I was looking forward to a good old bank run

[OwlHoot]

I have a Metro account, but currently its balance is about 2p because I've never really used it.

It'll be a shame if it does go down the tubes, because the staff in the branch where I opened the account several years ago seemed a friendly and helpful bunch.

[56samba]

If you pay my day rate I will dance to whatever tune you desire

I followed the above rule.

[AtW]

Oh Dear - Tesco Bank abandons 'challenging' mortgage market

One would imagine we’ll see sale of mortgage portfolio