Not sure if i can remortgage

harrydegan

i purchaced my house 2yrs ago.its valued at over 100k.
my mortgage was for 48k with formally prefferred mortgages now Oakwood.
in the two yrs my rpayments has jumped fromt he initial 280pmnth to 328 and up to 357per month.
I am now considering switching my mortgage to another company but have concerns to whether id actually get one.
Both my partner and I are working on low income,but we have two tennants living with us which boost it some.
with rent and wages combined we would have about 16k a yr. problem is i cannot prove my income as i get paid cash. tennants rent is paid in cash also.
we can afford the repayments easily and im sure will be alot better of with a different mortgage but what i wanna know is, can a remortgage be got if income cant be proven and if the borrowers credit wouldnt be the best(even tho no payments have been missed on previous mortgage)how much would this affect it.
sorry for the life story folks i just thought id provide as much detail as poss.thanx

maninthestreet

You appear to be paying about 7.5% p.a interest on your mortage - switching mortgages to a lower rate would be desirable.
How did you manage to obtain a mortage two years ago, assumimg similar circumstances as you are in currently?

harrydegan

7.430%as of 1st april.both my partner and i were working full time two years ago.i lost that job before xmas.circumstances were different.