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Posted: Thu Jul 29, 2010 7:38 am
by lou lou
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
Posted: Thu Jul 29, 2010 8:09 am
by kallis3
No personal experience myself but I imagine that you will just go to SVR.
Posted: Thu Jul 29, 2010 8:13 am
by Adam Davies
Hi
I would imagine that you will just go onto their SVR
Regards
Posted: Thu Jul 29, 2010 8:19 am
by plasticdaft
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
Posted: Thu Jul 29, 2010 1:44 pm
by Andrew Graveson
Hello lou lou,
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.
Posted: Fri Jul 30, 2010 6:01 pm
by lou lou
Thanks everyone,we don't need to worry about this til next year.