HSBC remortgage & DMP

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creditwreck
creditwreck Posts: 24 Forumite
in Mortgages & endowments
Our 5 yr fixed rate is due to finish with HSBC in April 09, I took out a DMP 2 years ago, can anyone advise if we are not moving and need to get a new fixed rate with HSBC will they penalise us for me being on a DMP? Our current rate is 4.75%

Would they make us go on the variable rate? Any advise would be gratefully recieved....thank you.:confused:
:DBeen with CCCS since March 07....MSE gave me a shove to my LB moment!!!:T

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  • creditwreck
    creditwreck Posts: 24 Forumite
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    Oh forgot to say have not defaulted on any mortgage payments and my OH's credit rating is clean!
    :DBeen with CCCS since March 07....MSE gave me a shove to my LB moment!!!:T
  • sarkin
    sarkin Posts: 785 Forumite
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    If you stay with your current lender there is no credit score, you will be safe
  • _Andy_
    _Andy_ Posts: 11,150 Forumite
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    HSBC will only do a credit check if you're extending the term or increasing the mortgage amount.
  • creditwreck
    creditwreck Posts: 24 Forumite
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    Andy & Sarkin thanks for your replies, I can sleep tonight.....Martin you are an angel for setting this site up.

    Also thanks for the general helpfulnes and unwaveriung support this website offers, I'm not sure how I managed before.

    Can't express how wonderful everyone is:T
    :DBeen with CCCS since March 07....MSE gave me a shove to my LB moment!!!:T
  • pinksparkle_2
    pinksparkle_2 Posts: 110 Forumite
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    _Andy_ wrote: »
    HSBC will only do a credit check if you're extending the term or increasing the mortgage amount.

    Hi Andy

    Is it possible to increase your mortgage even on a DMP then???

    I am also on a DMP, DH credit clean and never defaulted or been in arrears on mortgage...

    What do you think???

    Pinksparkle
    xxx
  • _Andy_
    _Andy_ Posts: 11,150 Forumite
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    pinksparkle wrote: »
    Hi Andy

    Is it possible to increase your mortgage even on a DMP then???

    I am also on a DMP, DH credit clean and never defaulted or been in arrears on mortgage...

    What do you think???

    Pinksparkle
    xxx

    If you're with HSBC - very unlikely.
  • pinksparkle_2
    pinksparkle_2 Posts: 110 Forumite
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    _Andy_ wrote: »
    If you're with HSBC - very unlikely.

    No Im with The fantastic NR...But if we were to move mortgages is there any chance we could increase our mortgage?

    Pinksparkle
  • _Andy_
    _Andy_ Posts: 11,150 Forumite
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    pinksparkle wrote: »
    No Im with The fantastic NR...But if we were to move mortgages is there any chance we could increase our mortgage?

    Pinksparkle

    Would depend on the lender - as you have adverse credit the best bet would be to speak to a decent whole of market broker.
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