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silly question - re mortgaging

happytails
happytails Posts: 1,554 Forumite
Part of the Furniture 1,000 Posts Combo Breaker
in Mortgages & endowments
Right, can someone enlighten me please.

Me and OH have a fixed mortgage with Natwest for 5.99% ends in 2014. Since we got the mortgage last summer our credit rating has gotten worse (not getting accepted for CC or Loans or increased overdraft etc etc), which is our own fault and we are trying to rectify this. Will this affect our chances of getting a good deal when we need to re-mortgage if our credit rating doesnt improve significantly by then?

Thanks
DFW Total £21,800 to clear by Dec 2022
MFW Total £184,950 £179,066 to clear by 2035

Comments

  • Senior_Paper_Monitor
    Senior_Paper_Monitor Posts: 2,918 Forumite
    Part of the Furniture Combo Breaker
    Simple answer - yes, but you have ample time to improve your credit rating in the interim.

    You need to get your credit reports, identify teh reasons for change in status and address them ASAP.
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
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