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Re: Invest proceeds house sale

  •  Tue, Jun 03 2008, 11:24 AM

    Re: Invest proceeds house sale

    wrong BB ; northern rock most certainly is covered by by a UK government guarantee of 100% of deposits , and not the limited £35 K FSA guarantee

    this guarantee has a cap as to total funds [ as held when the company was nationalised ] ; currently NR holds less than the limit and can take in funds with the guarantee

    with regard to it being UK mainland only , this is wrong ; the guernsey financial services authorities have received confirmation from the british government that this includes funds held in the guernsey subsidiary , as with any funds held within the NR group ; I am afraid you are confusing this with the FSA guarantee

    unless of course you are afraid the tories are going to get in and default on deposits in a company which is currently nationalised as NR guernsey is , of course

    maybe you should check your facts before you post ? don't take my word for it , check with the british government and the guernsey financial services authorities

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