remortgaging when income dropped?

badatdeciding

we've been offered the chance to remortgage for 5yrs fixed at 4.09% and only £125 fees by our current lender before march 15th (our current deal expires in june) but there are cheaper deals out there, one is 5yr fixed for only 3.19% from nottingham bs but comes with a fee of 1750. This isn't a big deal on its own as we'd save that over 5 years but if we change to a new lender do we have to go through all the sending off pay slips and stuff again because our income has dropped a fair bit since having two babies and if we spend weeks going through all that only to be turned down could we end up not get the same deal from our current lender?

Thrugelmir

When remortgaging to a new lender your two additions to the family will be factored into affordabilty calculations.

Your current lender could change their offers at any time.

So chasing rates isn't always the right decision.

The Nottingham does revert to a rate above 6% when the 5 year term ends.