Northern Rock (NRAM)
Northern Rock, or NRAM (Northern Rock Assett Management) as it is now called is now under Public Ownership under the holding company UK Asset Resolution Limited (UKAR Limited) which includes Bradford & Bingley and Mortgage Express.
If you have a Mortgage or Loan that is dealt with by Northern Rock (NRAM), it means you are probably paying far higher monthly payments than people with normal High Street Banks and Building Society mortgages. It can also mean you paid for a type of insurance that has now been banned and you continue to pay interest on it.
When you applied for your mortgage you may have been told that because you had to exaggerate your income or you had a poor credit history, a mortgage with a "Non High Street Lender" was your only option.
However, many people with lower incomes or a poor credit history were able to take out mortgages with normal Banks and Building Society's at far lower interest rates.
"Non High Street Lenders" often incentivize Financial Advisers and Mortgage Brokers recommending their expensive mortgages by paying them commissions of up to £10,000 for each mortgage they sold.
However, Government legislation now means that if you were wrongly advised to take out your mortgage or encouraged to exaggerate your income, you could be entitled to receive up to £100,000 in compensation.
Our in house Solicitor and professionally qualified mortgage specialists can fully audit your mortgage to prove you were wrongly advised or mis-sold your mortgage.
Our specialists can arrange for you to receive the financial compensation you deserve.
Even if your Adviser or Broker no longer exists, we may still be able to help you receive compensation.
Find out for Free if you can claim compensation for your Northern Rock (NRAM) Mortgage by CLICKING HERE