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  • FIRST POST
    • 9 monkeys dancing
    • By 9 monkeys dancing 30th Jan 17, 11:39 AM
    • 10Posts
    • 0Thanks
    9 monkeys dancing
    remortgaging with the same lender on a DMP
    • #1
    • 30th Jan 17, 11:39 AM
    remortgaging with the same lender on a DMP 30th Jan 17 at 11:39 AM
    Hi, just wondering if lenders carry out credit checks on product changes with the same lender?, my 2 yr mortgage comes to an end in July and I was wondering if this will affect me getting a product change with the same lender?.
Page 1
    • glentoran99
    • By glentoran99 30th Jan 17, 11:41 AM
    • 4,679 Posts
    • 3,708 Thanks
    glentoran99
    • #2
    • 30th Jan 17, 11:41 AM
    • #2
    • 30th Jan 17, 11:41 AM
    Depends on the lender, mine didn't, and was no problem with a new deal
    • zenshi
    • By zenshi 30th Jan 17, 12:00 PM
    • 950 Posts
    • 1,954 Thanks
    zenshi
    • #3
    • 30th Jan 17, 12:00 PM
    • #3
    • 30th Jan 17, 12:00 PM
    Mine was fine. Had defaulted card with them and others that they knew about and still were fine to switch products for me
    LBM.....sometime in 2013 £27,056. 10 creditors
    Aug 17......£18,258.....7 creditors left 32% paid

    £26,200 on interest only part of mortgage (July 16)...will chip away £23,922
    £49,200 repayment mortgage ( July 16) £46,020
    • 9 monkeys dancing
    • By 9 monkeys dancing 30th Jan 17, 12:45 PM
    • 10 Posts
    • 0 Thanks
    9 monkeys dancing
    • #4
    • 30th Jan 17, 12:45 PM
    • #4
    • 30th Jan 17, 12:45 PM
    I am with Santander.
    • swimminginaseaofdebt
    • By swimminginaseaofdebt 30th Jan 17, 12:54 PM
    • 597 Posts
    • 3,195 Thanks
    swimminginaseaofdebt
    • #5
    • 30th Jan 17, 12:54 PM
    • #5
    • 30th Jan 17, 12:54 PM
    Hi,

    I remortgaged with NatWest no problem. I also had a defaulted card with them.
    Pay all debt off by Christmas 2017 #150 - £1868.05/£3729.05
    ,
    SPC10 #564
    • Keezing
    • By Keezing 30th Jan 17, 2:54 PM
    • 270 Posts
    • 238 Thanks
    Keezing
    • #6
    • 30th Jan 17, 2:54 PM
    • #6
    • 30th Jan 17, 2:54 PM
    Technically a "remortgage" is when you move your mortgage to a different lender.

    If you are just switching deals with your existing lender (with no additional borrowing), you will not be credit checked.
    • Keezing
    • By Keezing 30th Jan 17, 2:54 PM
    • 270 Posts
    • 238 Thanks
    Keezing
    • #7
    • 30th Jan 17, 2:54 PM
    • #7
    • 30th Jan 17, 2:54 PM
    Hi,

    I remortgaged with NatWest no problem. I also had a defaulted card with them.
    Originally posted by swimminginaseaofdebt
    Did you have any luck getting Natwest to adjust the valuation of your property without you having to pay?
    • 9 monkeys dancing
    • By 9 monkeys dancing 17th May 17, 11:33 AM
    • 10 Posts
    • 0 Thanks
    9 monkeys dancing
    • #8
    • 17th May 17, 11:33 AM
    • #8
    • 17th May 17, 11:33 AM
    I did manage to change products but at a cost as they increased my rate from 1.59% to 4.29%, is there anything I can do about this?. they mentioned they noticed a default on my files.
    • bobcat2
    • By bobcat2 17th May 17, 11:55 PM
    • 64 Posts
    • 73 Thanks
    bobcat2
    • #9
    • 17th May 17, 11:55 PM
    • #9
    • 17th May 17, 11:55 PM
    4.29% sounds like standard variable rate, not changing to a new product.
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