Remortgage - partner temporarily not working

LMM00

Hi there
My husband has taken a 6 month unpaid break from work (ie he left his job) to do some exams. Unfortunately our fixed term mortgage expires during this period and we really don't want to be stuck on the variable rate.

I reckon we can cover mortgage and monthly essential costs from my own salary with enough left over every month to cover other costs, but mortgage+essential costs would (according to an online calculator) take us up to 60-ish percent of monthly income, which is apparently high risk.

Husband will be back in work come the new year and we have some savings to fall back on if need be in the meantime. I also get a reasonable annual bonus which I haven't included in the calculations.

Are we likely to get turned down for a decent fixed-rate remortgage (either with current lender Clydesdale or any other lender)? Or will we just have to suck up the variable rate until husband is back in work? Or, at a push, would the lender take a guarantee from a third party (eg my parents)?

For info, the mortgage is only about 30 per cent of the value of the house, if this has any bearing on things.

Thanks in advance!

dimbo61

Have you looked on your existing lenders website to see what deals they have for existing customers ?
If you are not borrowing more or trying to change the term ? You might be able to pick a deal that suits you and apply online.
If you ring the mortgage centre they will NOT give advice but you might get a new cheaper deal by applying online if Clydesdale have this facility

Just had a look on there website and they have 2/5 year fixed deals and offset mortgages and discount off the SVR