mortgage renewal is due what to do?

ishareeb

Hi
I am asking the forum if any one can give a bit of advice on this (mortgage renewal) would be really helpful.
My mortgage is due for a renewal within 2 months even though the bank HSBC has already contacted me in writing and told they will put me on a standard variable rate of 4% which is actually nearly 2% cheaper than what i am currently on.

I cant do much shop round because my personal circumstance has changed since I took the mortgage. my income has dropped and my partner made redundant , I may have to stick with the same bank .

I am going to talk to them next week I want to know what other options I may have within the same bank. Or anything else I can do .

Please I need some advice

Thrugelmir

Ring HSBC and see what options they can offer you.

As an existing mortgage holder your change of personal circumstances has no impact.