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Re-mortgage whilst on Debt management plan
tiredmumof2
Posts: 862 Forumite
Hi all,
We started our DMP in May and its going as well as can be expected. Our mortgage us due to come off fixed rate in February and I wondered what the likelihood is for us to look for another fixed rate mortgage or even look to move provider for a better deal. I would prefer fixed rate so we know how much is coming out of our account each month but with both Hubby and I being named on our DMP I'm not sure any lender will touch us (even though we've never missed any mortgage payments).
Does anyone gave any experience or advice please?
Thank you in advance :0)
We started our DMP in May and its going as well as can be expected. Our mortgage us due to come off fixed rate in February and I wondered what the likelihood is for us to look for another fixed rate mortgage or even look to move provider for a better deal. I would prefer fixed rate so we know how much is coming out of our account each month but with both Hubby and I being named on our DMP I'm not sure any lender will touch us (even though we've never missed any mortgage payments).
Does anyone gave any experience or advice please?
Thank you in advance :0)
LBM 1st May 2012 £53,839
Current debt balance April 2017 £24,427:eek:
DFD - February 2020 (if not sooner) :T
Current debt balance April 2017 £24,427:eek:
DFD - February 2020 (if not sooner) :T
0
Comments
-
Impossible to say without the figures.
However if you stay with your current provider you can get a new rate without the need for new credit checks.0 -
Your only options are with your existing lender. No credit checks will be conducted provided you apply merely apply for a different mortgage product.0
-
What rate are you on now?
What rate will you go on to?
Who is the lender?0
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