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Remortgaging whilst unemployed
blondegirl88
Posts: 22 Forumite
I would really appreciate some advice. Our mortgage is due to end Apr 2013 we are currently on a tracker which is BR +2.64%. We will have £116000 outstanding on a property that is worth £175000. My husband has been made redundant. If we do nothing we will drop on the SVR at 3.99%
Assuming he is still unemployed in Apr, staying with our current lender seems like the only possibility. Do lenders generally re-assess our circumstances for new deals? Also, we have just had a baby so should the lender be notified of this at the point of remortgage?
Thanks,
BG
Assuming he is still unemployed in Apr, staying with our current lender seems like the only possibility. Do lenders generally re-assess our circumstances for new deals? Also, we have just had a baby so should the lender be notified of this at the point of remortgage?
Thanks,
BG
0
Comments
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You won't get a remortgage.
You ask your lender what customer retention products it has available for you to choose from. You will not be required to disclose your husband's redundancy or the childbirth.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Thanks for your response
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