Deal coming to an end.

workingatit

Hi,

Our 5.19% 7yr fixed mortgage deal finishes in Jan 10, we have never missed a payment with it, but about 3yr ago our circumstances changed and we went from an income of 31000 down to 11000, we continued with our mortgage payment but stuggled with our loans and cards for a time, we then went on to a DMP with cccs to repay our debts, again never missed a payment with them either however due to reduced monthly payments we received about 3 or 4 defaults, no ccjs just defaults.

We would like to remortgage in Jan to another fixed rate, I know its slim, but was wondering if anyone thought we would have any chance of getting a new deal from anyone due to the DMP and defaults, we would be looking for 45000, the house is worth a min 125000 so would have roughly 36% LTV, and it would be for 12 year, our income has risen to 15700, but one of us is now on disablility benefits, this is over and above the 15700 do any of the lenders take these benefits into account?

I expect most people will advise going to a whole of market broker, but I was wondering if there were any brokers that we could deal with on the phone or by email or online rather than face to face? (there are reasons for asking this without going into detail) it would be so much more comfortable for us, or can anyone recomend a lender that would be likely to help us and I could dealt with direct to them.

Sorry for all the questions just trying to get an idea of where we stand well in advance before the deal is up.

Thanks in advance for any replies.

_Andy_

Who are you with at the moment? You may be best off staying with your current lender (assuming it's a high street one) as, as long as you're not borrowing any more, there won't be any credit checks.

workingatit

Hi

its Northern Rock, didn't know that they wouldn't do a credit check, I thought that would have been automatic, thanks, not sure if they are offering deals to existing customers at the moment, can I contcat them before my deal is up?

unite79

They are going to start offering new deals to those with Low LTV's, in the next few weeks - So I would advise waiting a few months, then contact them to see what they can offer.

workingatit

Thank you unite79 I will hold off for a while and see what happens.