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Fixed rate coming to end - credit check to stay with lender??
Sam3003
Posts: 1 Newbie
Hi there,
My fixed rate is due to come to an end with RBS and I am wondering if they will do a credit check if I want to opt for a new fixed rate with them. I have a new loan which may affect how much they lend me, that I didn't have at the start of my current fixed rate. I'd rather not go to their SVR and I've heard that if I stick with same lender they may not do usual credit checks.
Thanks in advance
Sam
My fixed rate is due to come to an end with RBS and I am wondering if they will do a credit check if I want to opt for a new fixed rate with them. I have a new loan which may affect how much they lend me, that I didn't have at the start of my current fixed rate. I'd rather not go to their SVR and I've heard that if I stick with same lender they may not do usual credit checks.
Thanks in advance
Sam
0
Comments
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Depends on the lender, but the one I worked for didn't do credit checks for product transfers.
They know you, it's the same mortgage, you are not borrowing anymore money, so there was no need for a credit score checkEarly retired - 18th December 2014
If your dreams don't scare you, they're not big enough0 -
No credit/status check for an existing borrower product transfer - unless there is any element of equity release (ie further advance) involved in the exercise.
Hope this helps
Holly0
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