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Renewing Mortgage Whilst on DMP

gorskiii
gorskiii Posts: 35 Forumite
10 Posts First Anniversary Name Dropper
in Debt-free wannabe
My current 5 year fixed mortgage with NatWest runs until June 2025. Never missed a payment, always paid on time and not in arrears. Current valuation is 282K and mortgage 70.5K

I started my DMP journey in December 2023. From experience has anyone had any issues when renewing their mortgage when on a DMP with the same provider? 

Comments

  • Hoenir
    Hoenir Posts: 7,742 Forumite
    1,000 Posts First Anniversary Name Dropper
    Log onto the NatWest website and see what options that they are offering. Selecting a product online requires no affordability checks etc. Totally seamless. 

    https://www.natwest.com/mortgages/switch-mortgage-deal.html
  • gorskiii
    gorskiii Posts: 35 Forumite
    10 Posts First Anniversary Name Dropper
    I can’t see anything due to my mortgage not yet being up for renewal. It does say in their “Our Mortgage Promise” that there’s no new credit or affordability checks. When I renewed a few years back I just logged in and choose a new deal that was best for me.
  • Altior
    Altior Posts: 1,628 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    It's 18 months away.
  • Rob5342
    Rob5342 Posts: 2,815 Forumite
    1,000 Posts Third Anniversary Name Dropper
    Most banks let you move to.a new deal without any credit checks. I have three defaults on my credit report and I had no trouble switching to a new deal with Santander. It took about two minutes to log on and choose another deal and that was pretty much it. I might have had to sign a confirmation and post it back but there was no more than that.
  • gorskiii
    gorskiii Posts: 35 Forumite
    10 Posts First Anniversary Name Dropper
    Rob5342 said:
    Most banks let you move to.a new deal without any credit checks. I have three defaults on my credit report and I had no trouble switching to a new deal with Santander. It took about two minutes to log on and choose another deal and that was pretty much it. I might have had to sign a confirmation and post it back but there was no more than that.
    Ah brill. Should be easy enough to sort then.
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