Hi, I would imagine the loan is still payable. The only implication of the fixed rate period ending is that the interest rate is now at standard variable. Best thing to do is call NR but I would hope and imagine it is possible to pay off. The only downside I can think of is that her boyfriends new loan will be at a much higher interest rate than the current NR rate and the length of the loan will be much shorter making it more expensive from a cash flow point of view as well.

Hi my wife and I also have a together mortgage which includes a £30k unsecured loan. House is up for sale at the moment and we are on svr. If and when we sell, the interest on the unsecured element will rocket. We feel that NR have got us in a no win situation. We can't remortgage with them when we move and we will be forced to pay more interest on the £30k. One option would to be to pay off a significant chunk when we sell but then we would have no deposit for our next house and so back to square one after over 5 years but with circa £15k hanging over us at about 11%. I think the terms and conditions of the loan for be fair enough if NR would let us remortgage with them, but they won't because we are now part of their bad mortgage book! I would be interested in taking part in an action group. We are in a better position than some of the above posters as we can more than afford the mortgage at the moment, but the way the market has turned out together with the clauses off this agreement mean we are being penalised and feel like we are being treated like people with bad credit and will end up paying more interest ultimately affected the choice of our next house.