Standard Life Fixed Period Ending...

grandeur

I too am on Standard Life variable rate of 5.34% and also need a self cert mortgage, is it not going to be possible to transfer the mortgage to the Woolwich rates.

herbiesjp

Why self cert?

grandeur

1 year properly self employed, not enough profit for the mortgage. Took out the mortgage 3 years ago

_Andy_

grandeur wrote: »

1 year properly self employed, not enough profit for the mortgage. Took out the mortgage 3 years ago

A self-cert mortgage doesn't mean you can lie about your income. If your income is insufficient then that's how it is.

grandeur

I didnt say i lied, my psoitions was different then, employed and started my own business. Standard Life have never offered self cert mortgages, they has the ability to verify income but would often not when under 75% LTV. My earning were greater then than now.

My question was what are the options for remortgaging within the existing group which now included the Woolwich.

_Andy_

you stated "not enough profit for the mortgage" - whether they check income or not youd still need to honestly declare it

grandeur

If i had taken the mortgage now that would be the case, not when i took it out as i was employed and had a sideline business which provided enough income for the amount of loan. Since then my situation has changed as i am fully self employed. Im not trying to get a mortgage elsewhere just trying to explore the options with my current mortgage provider.

_Andy_

If you're staying with your current lender then your income isn't relevant.They will let you know what rates are available.

grandeur

I understand that, in a previous post Standard Life have said they arent offering and new remortgages, im trying t see if anyone else has had any communication from Standard Life to see when we are allowed to switch over to mortgages with the Woolwich

CPS

I too am on SL's SVR (although on 5.54% as I got .20% added on because I took out a 95% mortgage 3 years ago). I was on the phone to them about something else yesterday and asked if Barclays (which I assume is Woolwich?) were going to offer us any new Fixed Rates or if we would be going onto their SVR. She didnt really know and said for now everything is as it was and if there was any change Barclays woudl write to us. Not very satifactory as I wouldnt mind securing a Fixed Rate in the next few months given the pitiful SVR situtation. If anyone has any other info on this situation can you post it on here? Thanks