Halifax mortgage & DMP

**laura**

My husband and I have had a Halifax mortgage since April 2012. Our current fixed rate deal is due to expire at the end of April.
Unfortunately this last year has been a bad one. We have now entered into a DMP. We don't have any mortgage arrears although for a short period last year we were on a reduced payment arrangement with the Halifax. We kept to this and cleared the short payments in the agreed timescale. As we were never more than a month behind with our repayments we don't have mortgage arrears recorded on our credit report. We do however have arrears and I think a couple or so defaults recorded from other creditors.
My question is will we just have to go onto the Halifax variable rate mortgage when our deal ends? Or could we get another fixed rate if we don't move provider? I have no intention of even trying to apply to move the mortgage as I'm sure they would all laugh me out of this office but as we are already with the Halifax does a new deal take our credit report into account at all?

Westminster

Phone them up and ask about their retention products.

chanz4

don't phone them! go online to the retention area, if you call it will be subject to mmr

**laura**

Sorry I'm not really up on all this, what does retention mean in this scenario?

**laura**

And what is MMR? x

Westminster

Great advice about not phoning - had no idea that incurred MMR when online does not.

MMR = Mortgage Market Review when lenders are obliged to go through an extensive affordability process with you.

**laura**

Thank you. The DMP will show that the mortgage is affordable but obviously if we were to take the payments our creditors should receive if paid in full then the MMR would, I imagine, not be favourable!
I'll have to just have a look online or jump onto their variable rate which is currently much higher than the 2.64% we are paying now ��