Mortgage problem

Blue1980

My fixed deal ended a few months ago. Trying to get a new deal but as my wage is lower now, I can't get a fixed deal anywhere, so I'm stuck on the 4.79 rate. I'm told I don't have enough to be approved for new deal. I have had house for 9 years and never missed a payment. Stuck in horrible position. Has any one got any ideas?
Thanks

ACG

Who is your current lender? Do they not have any retention deals?

How much is your mortgage?
How much is your income?
Do you have any debts/credit commitments/loans etc? If so how much and how much are your monthly repayments.

Tillytwopaws

Can you not do an online product transfer with your current lender? No income & expenditure review required. Probably all you could do is choose a low, hopefully lower interest rate (depending on your loan to value) rather than do anything with your term.

Thrugelmir

Blue1980 wrote: »

My fixed deal ended a few months ago. Trying to get a new deal but as my wage is lower now, I can't get a fixed deal anywhere, so I'm stuck on the 4.79 rate. I'm told I don't have enough to be approved for new deal. I have had house for 9 years and never missed a payment. Stuck in horrible position. Has any one got any ideas?
Thanks

Who is your lender?

I think I can guess.

Blue1980

My lender is Britannia. Any ideas?

want_to_save

have you asked them what remortgage deals they have?

GMS

Ask them for a transitional arrangement

kingstreet

want_to_save wrote: »

have you asked them what remortgage deals they have?

As they are for borrowers new to the lender, he will get useless information to him as an existing borrower if he asks for remortgage products.

As mentioned earlier, he needs to ask for customer retention products as these are offered to existing borrowers not moving home.

Tillytwopaws

I've just looked on Brittania's website and they offer deals for existing borrowers. They also offer an execution only service via telephone that does not involve an affordability assessment.

Blue1980

Sorry all, i seem to have not added the important bit, i just assumed i had. The mortgage deal is in 2 names, and due to break up I am trying to get it just in my name. I dont quite reach the amount for myself and this is where the problem lies. Im stuck on variable rate, have been paying mortgage myself for 5 years and never missed it, but officially its in 2 names. The other party does not want anything to do with mortgage so there is not a problem regarding that, its just the fact that i need to get a better rate, but this seems impossible.

amnblog

That is the important bit.

You want the property and mortgage in your name but according to the Lender cannot afford it?