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re mortgage whilst on DMP
dannyhoy
Posts: 22 Forumite
Hi all new poster any help would be appreciated
ok lets start i am on a DMP at present we are paying out mortgage with northern rock all fine we are not on a fixed rate so currently paying base rate 0.5.
i am very concious of the rate rise and i am considering a few options 1. remortgage but i have been told only certain brokers offer them for DMP customers and it usually involves a deposit (which we havent really got) and quite a high rate.
2. selling the house and renting a new property worries with that one are im confident to sell and get enought to pay the house off but we also have a loan secured for around 15k this would be a push to clear aswell. the loan is with first plus (we are currently pushing for a mis sale of the ppi)
there are lots of things to consider inclusing sales costs and soliciters fees to selling aswell.
has anyone been in this situation? can anyone offer advice any help would be really appreciated.
cheers
ok lets start i am on a DMP at present we are paying out mortgage with northern rock all fine we are not on a fixed rate so currently paying base rate 0.5.
i am very concious of the rate rise and i am considering a few options 1. remortgage but i have been told only certain brokers offer them for DMP customers and it usually involves a deposit (which we havent really got) and quite a high rate.
2. selling the house and renting a new property worries with that one are im confident to sell and get enought to pay the house off but we also have a loan secured for around 15k this would be a push to clear aswell. the loan is with first plus (we are currently pushing for a mis sale of the ppi)
there are lots of things to consider inclusing sales costs and soliciters fees to selling aswell.
has anyone been in this situation? can anyone offer advice any help would be really appreciated.
cheers
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