We have just been told by our mortgage company,Santander, that in a couple of months they are doubling our mortgage rate from 2.74 to 4.9, this means our payments go from £680 which is a struggle at the moment for us but we are just about able to meet, to £1287. We have called Santander and they are not prepared to do anything to help.
Due to the financial difficulties we have (my husband is self employed and business isn't great) our credit rating is pretty much shot so we don't think negotiating a new deal with another supplier is an option, or can we?
HELP!!!
Anybody got any suggestions?
Due to the financial difficulties we have (my husband is self employed and business isn't great) our credit rating is pretty much shot so we don't think negotiating a new deal with another supplier is an option, or can we?
HELP!!!
Anybody got any suggestions?