Mortgage advice as a couple but me not working now..

aallank

We currently have a mortgage that we applied for almost 5 years ago on a fixed 5 year term. That is now about to run out and so we are looking for a new mortgage lender, although this time, i am not working due to reciently having twins..
So we will be applying with just my husbands wages (around £22000 per year)..
We have no debts, never owned a credit card etc etc
so just wondering where the best place to look for a mortgage lender, ie on-line or banks and what are the chances of them lending us the same as they did 5 years ago without my wages (although they were only about £6000 per year).
we have never been late on a payment..
any advice would be most appreciated..

beecher2

How much is the mortgage, and what's a realistic valuation for the house?

Have you asked your present lender what deals they'e offering?

aallank

beecher2 wrote: »

How much is the mortgage, and what's a realistic valuation for the house?

Have you asked your present lender what deals they'e offering?

Current mortgage is £120,000 ish and house valuation is £180,000 ish

We asked present lender about a year ago and they wern't willing to lend us what we had borrowed 5 years ago!? can't remember exactly what they said they would lend us..

beecher2

High salary multiple, so staying with your present lender may be your only option. They may have misunderstood when you phoned them as you aren't looking for additional funding, just a new deal. Also, find out what your present deal will follow onto - the SVR might be more favourable at the moment.

aallank

Is there a chance they could just say point blank NO they wont lend us the money even though we obviously can afford it??

_Andy_

You will need to stay with your current lender.
Assuming you're not borrowing any more, no checks will be done, they will just put you on a new rate

aallank

_Andy_ wrote: »

You will need to stay with your current lender.
Assuming you're not borrowing any more, no checks will be done, they will just put you on a new rate

does it make a difference if we are wanting to move home (to a house of the same value as our home now)
Will this still apply, ie no checks, just swap mortgage over??

bryanb

aallank wrote: »

does it make a difference if we are wanting to move home (to a house of the same value as our home now)
Will this still apply, ie no checks, just swap mortgage over??

No, If you move you start again.

aallank

Oh no, we are hoping to move when the 5 years run out...............

_Andy_

Moving home = new application
Staying put with same lender +further borrowing = new application
Staying put, same lender, no further borrowing = no application
Staying put different lender = new application

aallank

so any chance of being able to move at all, what do you think??