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Remortgaging on a Stepchange DMP
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Averagejoe
Posts: 4 Newbie
I am a husband and father of two that is currently on a Stepchange DMP since Jan 2014. My mortgage is currently with the Woolwich on a variable rate and is very low at the moment (£488 per month on a 30 year £175000 repayment mortgage) I am after advice on whether I should stick with the variable and hope there are no changes or do I go for a long term fixed. Also need advice on if there are penalties for people trying to remortgage on a DMP
Many thanks
Averagejoe
Many thanks
Averagejoe
0
Comments
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You won't be able to remortgage.
Best you can hope for is a customer retention product from your existing lender.
Ask them what is available to you.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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