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Topic starter
23/01/2015 6:27 pm
Hi
I'm looking for abit of advice - I was discharged from my trust deed in March 2014, but my 6 years aren't up until July 2016. I have had a mortgage with nram and I am on variable rate of 4.79. I got a statement today from nram and it was going on about if increase rates raise and this has got me worrying.
The question I wanted to ask - because of trust deed would it be impossible for me to look at other deals with hopefully a lower interest rate, I don't want to move at the moment or borrow more money just would like to get a better deal, but because nram don't operate as business anymore they are unable to - has anyone else found them self in this position? Or any advice?
Many thanks
23/01/2015 10:11 pm
Hi sharon21.
We're not well placed to give mortgage advice, it would be best to ask a mortgage broker.
I think you're already aware that having a trust deed on your credit record will put some lenders off lending to you or possibly offering less favourable terms.
Perhaps no harm in asking though?
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23/01/2015 10:22 pm
Hi Sharon,
I'm not able to offer any help I'm afraid but I am in what seems to be the exact same situation. I think we would have a better chance if not with nram. I'm still in negative equity at the moment so I haven't bothered asking anywhere else. It would be good tho if you let us know how you get on if you do decide to speak to a broker.
Ali
SkintAlly
28/01/2015 4:55 pm
Hi same situation here, mortgage with NRAM, we have equity of about 15k.
Like you Sharon our TD 6 years post signing will be July 16. I've kind of resigned myself to waiting until then before looking to remortgage.
Hoping that the interest rates don't start to go up until then at the earliest.
29/01/2015 10:36 am
Do you have much equity in your house do you think? I believe this is pretty essential if you wish to remortgage elsewhere - especially so if you have adverse information on your credit file.
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