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Remortgage, while on DMP?
missyp123
Posts: 577 Forumite
Hello,
Me and my husband have just comleted agreement for a DMP with CCC's.
We have never missed a payment with any of our creditors but simply were borrowing money to live.
We continue to pay a mortgage which is now out of its fixed term with northern rock, we have had to go onto interest only and pay just under £660 pm, 22 years left of £105,000 owing.
When we had our house up for sale it was valued at £135k its just non of the houses on my road are selling.
My question is are we going to be able to remortgage with another lender for the £105k while in the dmp?
The problem being £30k of our debt on the DMP is our unsecured loan with northern rock.
Me and my husband have just comleted agreement for a DMP with CCC's.
We have never missed a payment with any of our creditors but simply were borrowing money to live.
We continue to pay a mortgage which is now out of its fixed term with northern rock, we have had to go onto interest only and pay just under £660 pm, 22 years left of £105,000 owing.
When we had our house up for sale it was valued at £135k its just non of the houses on my road are selling.
My question is are we going to be able to remortgage with another lender for the £105k while in the dmp?
The problem being £30k of our debt on the DMP is our unsecured loan with northern rock.
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