Can I Remortgage With My Current Bank As My Deal Is Up But I Have Arrears And One Of There Offers Saves £200 A Month So I Can Put More Towards The Arreas

[Imbera27]

Can I remortgage with my current bank as my deal is up but I have arrears and one of there offers saves £200 a month so I can put more towards the arreas

[factor-fiction]

It's worth asking them.
You may find you will find it difficult to get a mortgage elsewhere if you have large arrears

[Imbera27]

I know I will have to stay with halifax I just want to address the situation at the moment I'm paying £880 but if I move to there fixed offer for existing customer its £660

[ubasses]

it is unlikely any new lender will take over your mortgage with arrears. The best thing to do is make an appointment with your Bank and talk over the options with them. Explain when you make the appointment as you will probably need someone with the required lending authority. If it means they will get the arrears paid off more quickly it make sense to agree. The only stumbling block could be any fees involved in arranging the new loan and if you can afford them up front.
Unfortunately things have changed since I retired and they may not have as much discretion since the recession.

[ToraToraTora]

your current lender will not let you move on to a better deal when you are in arrears. It is also possible that even if you do clear the arrears you will have acquired a less than perfect credit record which will mean that even your current lender will not let you change deals because, cynically, they know that you won't be able to move anywhere else so they won't let you save £200pm when they know they don't have to. Very sorry but bad credit = expensive credit.