Does anyone have experience with natwest mortgages on fixed rate,what happens when this ends whilst on a DMP ? Will it go to SVR or poor credit rates please?
Thanks
No personal experience myself but I imagine that you will just go to SVR.
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.
Bob Marley. http://kallis3.blogs.iva.co.uk
Check your mortgage paperwork,as it will either state that you WILL go onto the SVR or you MAY go onto the SVR. If it says will then you are in luck,if it says may then you will have to wait and see what happens!!(possibly better to not ask them!!)
Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
Depending upon your circumstances NatWest may well offer you a replacement mortgage product.
This might provide an opportunity to secure a further fixed period if you feel that this would be the right type of product for you. There may be other types of products available (such as tracker mortgages), or you may select to go on the SVR anyway.
With a good mortgage repayment record the debt management plan may not be a relevant factor as NatWest may not seek to re-check your credit status.
Andrew Graveson
Bright Oak Ltd
UK Debt Management Company
Website: www.brightoak.co.uk
