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Fixed Rate Ending in July
shadow7uk
Posts: 19 Forumite
Hello,
My fixed rate ends in July 2020 and I just want to know if I choose to go with a new fixed rate deal from Santander do they do the credit checking procedure again? or do I just pick a new rate?
My worry is my credit rating is not as good as when I took the mortgage out but I have never missed a mortgage payment.
My fixed rate ends in July 2020 and I just want to know if I choose to go with a new fixed rate deal from Santander do they do the credit checking procedure again? or do I just pick a new rate?
My worry is my credit rating is not as good as when I took the mortgage out but I have never missed a mortgage payment.
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Comments
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Hello,
My fixed rate ends in July 2020 and I just want to know if I choose to go with a new fixed rate deal from Santander do they do the credit checking procedure again? or do I just pick a new rate?
My worry is my credit rating is not as good as when I took the mortgage out but I have never missed a mortgage payment.
As far as I know, if you stick with the same company, they generally don't underwrite it again. It's only if you try and remortgage with a different company.Pink Sproglettes born 2008 and 2010
Mortgages (End 2017) - £180,235.03
(End 2021) - £131,215.25 DID IT!!!
(End 2022) - Target £116,213.810 -
Brilliant, thank you.0
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Yea, I'm just planning on using the online portal to do it.0
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If you stay with Santander they don't credit or affordability checks again as you passed before. Its really straight forward to switch to a new deal
- Original mortgage end date: March 2041
- Current mortgage end date: Dec 2032
- MFW 2026 #15 400/2000 /// MFW 2025 #15 1628.00/ £2,400 /// MFW 2024 #15 £1,608.85/ £2500 /// MFW 2023 #15 £8,617.84/ £10,000 /// 2022 #15 £7,315.24/ £7250 /// MFW 2021 #15 £8,530.07/ £8500
- Daily interest is currently £3.56
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Thank you Moneyminded, I'll be staying with Santander.
I've just checked and I can switch 4 months early (March) so that's great news0
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