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Fixed year deal coming to end - options with bad credit?
jodenice
Posts: 378 Forumite
I am previous bankrupt (more than six years ago) who got a mortgage with my partner with Accord on a two year fixed rate deal. I am on about 6.04% and it ends in September 08.
During this two years we have made sure our payments to Accord are always on time and recently received a letter from them saying that at the end of our fixed rate deal as we have been good clients we will be dealt with as people with better credit than we have or something.
During this time my partner has started a DMP and I have not got nor have I had any credit whatsoever. (my partner and I have effectively changed positions).
We're a mortgage companies dream!
Even with a rise I can still afford the mortgage but obviously I'd rather try and find one thats less than what I pay.
Should I be looking now or holding on a bit longer? I'm aware that actually my only options maybe to stay with the company i'm with.
During this two years we have made sure our payments to Accord are always on time and recently received a letter from them saying that at the end of our fixed rate deal as we have been good clients we will be dealt with as people with better credit than we have or something.
During this time my partner has started a DMP and I have not got nor have I had any credit whatsoever. (my partner and I have effectively changed positions).
We're a mortgage companies dream!
Even with a rise I can still afford the mortgage but obviously I'd rather try and find one thats less than what I pay.
Should I be looking now or holding on a bit longer? I'm aware that actually my only options maybe to stay with the company i'm with.
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