Trying for a new mortgage but in a 'potential redundant' situation

74jax

I have tried to get a fixed rate mortgage off the internet but as struggling as am being made redundant in December and so it would seem no one will touch me.

Currently I'm on a staff rate mortgage which will shoot up when made redundant, so i am looking to fix the mortgage so at least I know my out-goings for this.

Any ideas please?

opinions4u

I know HBOS used to have an agreement with their union that ensured staff mortgage rate would continue for up to 12 months after redundancy. Perhaps your employer also has such an agreement?

Worth checking out if it's a good deal worth keeping (and also the taxable benefit stops post-redundancy).

I can't see why another lender would take your mortgage on when you have no income to support it, so your only other option would be to take a fix with your existing lender/employer.

_Andy_

74jax wrote: »

I have tried to get a fixed rate mortgage off the internet but as struggling as am being made redundant in December and so it would seem no one will touch me.

Currently I'm on a staff rate mortgage which will shoot up when made redundant, so i am looking to fix the mortgage so at least I know my out-goings for this.

Any ideas please?

Have you rung your lender to ask what they will offer?
as you are being made redundant this will be your only option.