I am currently on a debt management plan and my fixed term mortgage with the Halifax come to an end in July 2011. Just wondered what my options might be with regard to remortgaging on another fixed term.
I've no idea I'm afraid, it may well be a case of 'suck it and see'. They might do another deal, but you will need to ask them.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
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Finding a new lender might be tricky as your credit rating is likely to have declined due to your debt management plan.
Three months before your existing mortgage expires I'd suggest that you contact Halifax. All being well they'll be offering replacement fixed rates. Provided that you're not looking to raise any additional money there's unlikely to be any credit check as the bank is not taking any additional risk over and above that which they already have.
Last edited by Andrew Graveson on Tue Jan 25, 2011 5:37 pm, edited 1 time in total.
Andrew Graveson
Bright Oak Ltd
UK Debt Management Company
Website: www.brightoak.co.uk
