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Changing product with same lender whilst on a DMP
macca5000
Posts: 37 Forumite
Hi there,
Does anyone know if lenders carry out a credit check when changing product?
I'm currently on a debt management plan and have a mortgage with the halifax which is coming to the end of a 2 year fixed term deal.
If I apply for another fixed term deal with the same lender will then run another credit check?
Does anyone know if lenders carry out a credit check when changing product?
I'm currently on a debt management plan and have a mortgage with the halifax which is coming to the end of a 2 year fixed term deal.
If I apply for another fixed term deal with the same lender will then run another credit check?
0
Comments
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No they won't. As long as you aren't applying to borrow any more you won't be credit checked. I've changed my fixed rate with the same lender whilst having a rubbish credit file.
0 -
Beanie is correct.
If you are only switching product (with no increase to borrowing, amendment/removal of any borrowers, or change of repayment method), then there is no requirement to credit check you.
Hope this helps
Holly0
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