Remortgaging with bad credit history

Siouxsie32

Hi

I currently have a residential mortgage with lenders permission to let on a property with Coventry on a SVR basis at a rate of 3.95%. I'm getting the feeling that now may be a good time to fix the rate but as a) I don't live in the property and b) since I took out the mortgage my credit rating has slipped (nothing major, a few missed payments but my level of borrowing is high) do you think I should stick with what I have or look around for something better?

Is there any chance if I speak to my lender they'll want to change the type of mortgage I have (to a BTL/higher rate)?

Don't want to get left behind but equally don't want to rock the boat!

I currently rent elsewhere with no intention of moving in the near future.

All advice welcome....

Thrugelmir

Maybe a phone call to the Coventry BS to ascertain their current policy on CTL would be a start in the right direction. No need to disclose your current financial circumstanes.