Help needed

emmy1_2

Hi
Im in the process of setting up a DMP which is worrying me sick, to add to this Im worried what will happen when the fixed rate on my mortgage runs out in october.
The interest rate will obviously be higher which will affect what i have available to pay my creditors.
Im with Nationwide , how likely is it they will even offer me another decent mortgage rate?

Im worried about losing my home, not being able to get another mortgage , has anyone had any experience of this?

would be really grateful for any advice

ossie1_2

Unless i'm mistaken, nationwide has a reasonable retention policy which allows you to change rates with them ( wouldn't need to recheck your details etc so DMP wouldnt affect this ) Call their customer service centre and confirm their policy regarding changing. Ask them what they currently offer to customers looking to change and this will at least give you a feel for what you can do when it happens.

How much do you currently have available to pay your creditors in relation to what your normal payments would have been. may be able to advise you on this.