Re-Mortgage on DMP broker advice

jubilee14

Hi i'm on a dmp which has 13 months left to run. After that i will still have 2 years of default notice on 1 of my debts (although settled) I know people say it can be done if using a broker. But going on line and tried it once who then tried to sell me further credit rating products. So was hoping if someone can recommend brokers that might be suitable i know i'll have to pay a fee but it might be worth it as the SVR might be going up the way interest rates are going.

would appreciate any advice.

thanks

ACG

Can you not switch products with your current lender?

jubilee14

Hi sorry no should have said its with Landmark ( was Northern Rock) they dont do remortgage.

kingstreet

What are you trying to achieve?

The rate(s) you are offered are likely to be higher than what you are paying now.

jubilee14

Was looking to see if any room in rate reduction but if going to be higher than on which is 4.79% as includes a discounted rate then i will just stay put for now thanks for the advice.

kingstreet

You might see a small reduction, but as you may have a valuation, broker and legal fees to pay, one might outweigh the other.

DCFC79

Find a broker local to you, easier this way if forms etc need to be dropped off.