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Switching deal with existing lender
Moneymama
Posts: 1 Newbie
Hi,
Our two year fixed deal with Nationwide is about to come to an end and if we don't pick a new deal, we will revert to the standard variable rate (approx an extra £160 per month to what we are paying now).
In the two years since we got the mortgage my husband has amassed quite a lot of debt. If we switch to a new deal with Nationwide, will they do a credit check? Could they refuse to move us onto a new fixed deal?
Feeling very stressed about it all. Thank you.
Our two year fixed deal with Nationwide is about to come to an end and if we don't pick a new deal, we will revert to the standard variable rate (approx an extra £160 per month to what we are paying now).
In the two years since we got the mortgage my husband has amassed quite a lot of debt. If we switch to a new deal with Nationwide, will they do a credit check? Could they refuse to move us onto a new fixed deal?
Feeling very stressed about it all. Thank you.
0
Comments
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No, they will just swop the rate at your request. Your husbands recent issues won't come into it.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0 -
H
In the two years since we got the mortgage my husband has amassed quite a lot of debt. If we switch to a new deal with Nationwide, will they do a credit check? Could they refuse to move us onto a new fixed deal?
Feeling very stressed about it all. Thank you.
Only if you want to change term and or borrow additional funds with new natwide mtgReplenished CRA Reports.2020 Nissan Leaf 128-149 miles top charge. Savings depleted. VM Stream tv M250 Volted to M350 then M500 since returned to 1gb0
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