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  • FIRST POST
    • kazzyb123
    • By kazzyb123 8th Feb 18, 3:54 PM
    • 59Posts
    • 7Thanks
    kazzyb123
    Disabled and self employed partner-mortgage??
    • #1
    • 8th Feb 18, 3:54 PM
    Disabled and self employed partner-mortgage?? 8th Feb 18 at 3:54 PM
    Hi,

    I have a long term health condition that means I can’t work, I claim ESA and PIP. My partner is self employed.

    I think the only lender that will lend to us is Nationwide. I have used their online calculator and all seems well.

    My question is, what to after after the initial discounted period? I won’t be able to shop around for a new lender because as far as I know other lenders won’t lend to us. Is it likely Nationwide will renegotiate with us or will we end up stuck on the SVR?

    Thanks
Page 1
    • dimbo61
    • By dimbo61 8th Feb 18, 8:02 PM
    • 9,754 Posts
    • 5,257 Thanks
    dimbo61
    • #2
    • 8th Feb 18, 8:02 PM
    • #2
    • 8th Feb 18, 8:02 PM
    Nearly all the big lenders now offer new deals for existing customers once your initial deal runs out.
    Just check out the websites of a couple of the big lenders
    So if you took say a 2 year fix you can sign up to a new deal once the 2 years are up.
    If you are not trying to increase the amount you want to borrow or the term you can do this online
    • logan77
    • By logan77 8th Feb 18, 8:39 PM
    • 21 Posts
    • 5 Thanks
    logan77
    • #3
    • 8th Feb 18, 8:39 PM
    • #3
    • 8th Feb 18, 8:39 PM
    Nationwide are not the only lender that will include your benefits in their affordability calculations, you just need to see a mortgage advisor to guide you.
    I am a Mortgage and Life Insurance Advisor.

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice
    • kazzyb123
    • By kazzyb123 9th Feb 18, 12:43 AM
    • 59 Posts
    • 7 Thanks
    kazzyb123
    • #4
    • 9th Feb 18, 12:43 AM
    • #4
    • 9th Feb 18, 12:43 AM
    Thanks, I have spoken to several mortgage advisers and none of them could recommmend any other lenders who would lend to us. But if we can sign a new deal at the end of the fixed period that helps.

    I think we will fix for as long as possible!
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