Northen Rock

[alreadypacked]

i have a loan with NOrthern Rock.

If a company went bust what would happen with the money i owe them. Would it get written off or would i have to pay up the balance pretty quickly ?

Have a look in your papers for a section called securitisation I think it called.
I think you will find your bank have already sold your loan on to another bank, they will let you know who they are when the time comes

[Cooperinliverp00l]

i have a loan with NOrthern Rock.

If a company went bust what would happen with the money i owe them. Would it get written off or would i have to pay up the balance pretty quickly ?

[Troll]

one more to go

[NoddY]

Considering the value of money is currently very low then any reduction or even stagnation in share values ought to be very serious indeed.

As for interest rates, central banks are concerned not raise them too quickly . I believe they will live with asset inflation for as long as they can. Gentle rises of 1/4% will continue to be on the cards for the next 18 months.

[Hart-floot]

shares down 30% in the last 6 months.
Surely an over reaction.
Worth a punt?

Sub Prime Mortgages and other toxic stuff - avoid

[TheRightStuff]

Good point. With another rate increase on the cards before the end of the year, according to popular analyst belief, perhaps NR aren't a good investment at this time....

Invest a bit now and another lot after the next rate rise.

[TheRightStuff]

Enron did that too.

and Groupe Eurotunnel have gone down about 60% in 2 days. how about them?

Enron is a one off.
Eurotunnel - I'l have a look at that. Sounds good.

[MrRobin]

Hmmm. Conclusive proof that the market expects increasing repos soon.

Good point. With another rate increase on the cards before the end of the year, according to popular analyst belief, perhaps NR aren't a good investment at this time....

[thunderlizard]

Enron did that too.

and Groupe Eurotunnel have gone down about 60% in 2 days. how about them?

[TheRightStuff]

based on 30% dip in 6 months.
Nothing else.

[sasguru]

Hmmm. Conclusive proof that the market expects increasing repos soon.

[thunderlizard]

Based on what calculations are you sure?

[TheRightStuff]

shares down 30% in the last 6 months.
Surely an over reaction.
Worth a punt?