Mortgage advice needed post OH's bankruptcy

Fuzzy16

I agreed to a remortgage in December 2005 to fund OH's business venture. Remortgaged up to 103k over 25years (we are now aged 54)Business took care off half of the repayments, other half came out of wages. OH went BR in 2012(discharged in march this year)
got a job earning less, now have to fund all payment out of our wages. I earn 18k before tax and OH around 16k a year. After tax we earn between us around 2100k a month, mortgage payments are £619 a month and we have got another 16 years left. I pay the mortgage and all the direct debits out of my wages and I am finding this hard, OH who now has a new bank account pays for food and fuel and any extras we may need.
I need to try and get these payments reduced, increasing the term isn't an option as we are going to be 70 when the thing is paid up! We have already had a look at our finances because of the BR and got cheaper insurance etc so I don't need somebody to suggest that I try looking at my finances.
I am thinking about looking for best fixed rate deal and try and save ourselves £100 a month. Sorry its longwinded,

Thrugelmir

What interest rate are you currently paying.

Who is your lender.

Fuzzy16

Mortgage was taken out with Alliance & Leicester who are now Santander. Not sure about interest rate. They don't seem to have anything to offer their customers.

amnblog

You are extremely unlikely to better the rate you currently have.

Your partners history will preclude this and you cannot meet affordability on your own.

To be sure ask a broker to investigate your case.

Fuzzy16

Involving mortgage brokers is obviously not going to be free. At the moment I have not got sufficient funds to pay for fees and solicitors. Will just have to manage I suppose. thanks

ACG

Some mortgage brokers do not charge, most do not charge until the mortgage completes or at the very least have a mortgage offer.

You can get professional advice for free, if you decide to go ahead with the mortgage then it may well cost.