remortgage?sorry, long post!

cris01

Hi there,
I took out a mortgage 3 years ago, on a fixed rate (5.23) to buy my ex husband out. This is due to finish in July. The mortgage is with Yorkshire Building Society, btw. I did shop around, but as I am (now) a single parent with 2 children working pt, I went with Yorkshire as they took into account other forms of income in addition to my wages (eg child benefit, tax credits), which a lot of other lenders don't. My payments are £570 per month, they have written to me with a new offer of 4.50 %, if I take another fixed term, or 4.99% (£530.00) if I don't. My wage just covers my mortgage payments at the moment, so I am living off tax credits, I'm understandably worried in case T.C's are cut, and I'm looking for a better deal. Does anyone know if there is anyone else out there that would take into account other income, that I could look at?
Thanks in advance for any replies!

dimbo61

We are also with YBS and think they are a good lender dont mean to be nosey but is your EX paying 20% of income ( CSA) guidelines or do you have shared care!
We would need LTV and income to see if other lenders could give you better rates so do you know a good " whole of market mortgage broker" to look for you!
GOOD LUCK

cris01

Thanks for reply. My ex isn't paying anything at the moment, he was paying the recommended amount but lost his job 2 yrs ago, has started casual employment part time term time, I'm not sure how much he earns now. My LTV is 67%. I was going to give the Which? mortgage helpline a ring, as I am a member, thought they may be better than a broker?

dimbo61

I am also a member of which so why not give them a call! well worth a try.
lenders have changed lending conditions in last 2 years but as you already have a mortgage good luck shopping round

dimbo61

YBS have a 3 year fix at 4.59% fee free for existing customers so less than you are paying now and security for another 3 years. They also have a 2 year deal at 4.19%

cris01

Thanks for the info. I rang Which, they have arranged for someone to ring me back on Thurs to go through my circumstances, so fingers x'd they can give some impartial advice!