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T O P I C R E V I E W
In 2 Deep
Posted - 14 October 2009 : 17:28:01 Hi All,
Looking at going BR, and my mortgage deal is up in 2010. House is in negative equity so will hopefully buy BI, and continue with mortgage payments.
I would like to know when my current deal expires with Northern Rock in 2010, will they then put me on their standard variable rate even though I will be BR?
Thanks.
Treat EVERY Penny as a prisoner.
2 L A T E S T R E P L I E S (Newest First)
In 2 Deep
Posted - 14 October 2009 : 19:42:47 Thanks Melanie for your assistance.
Treat EVERY Penny as a prisoner.
Melanie.n
Posted - 14 October 2009 : 18:09:46 Your bankruptcy will deal with your unsecured debts - provided you maintain your monthly payments to your mortgage you will have no problem switching to the SVR - you will even be able to negotiate a further fixed rate - though until things change ecconomy wise i would not reccommend anyone sorting out a fixed rate at the moment as the rates they are quoting are hiseous compared to the base rate! I am currently in the same boat with my mortgage fixed rate ending in December and am going to just revert to the SVR - a fixed rate is something I will not be considering for quite a while as the SVR is far more competitive. To round up....your bankruptcy will not affect your mortgage in any way, provided you have maintained all payments - all the lender will look at is your repayment history
Melanie Nicholas 28 years insolvency experience - 23 of which in the Insolvency Service - Insolvency Manager Jones Giles email me at melanienicholas@jonesgiles.co.uk
