Mortgage rate help.

rossh70

Hope someone who has been in a similar situation can help. I have a mortgage split into two with Abbey as i added £30,000 at a better rate. This rate runs out in Feb where my entire £60,000 approx goes onto the basic rate.
The thing is i have stupidly run into problems sinced then and am paying reduced payments on some unsecured debts.
My question is:
Do i have any chance of moving onto another discounted rate in February for the entire amount or will the fact that i have fallen into problems elsewhere mean Abbey have me over a barrel and wont give me any offers at all?
Thanks in advance for any help.
ps. i have paid my mortgage in full and on time since i took it out 9 years ago.

herbiesjp

As long as you are not looking to borrow any more, you should be able to get whatever deals Abbey offers to exisiting customers, as they will not normally run a new credit check against you

luckyfool

Depends on what kind of problems and how serious the other issues are.

Generally speaking as long as you are not looking to borrow more money then Abbey are likely to offer a new deal for your existing mortgage. Most lenders will not credit search you when you just apply to switch products, only if you ask for more cash, or move house.