cancer- will i be able to remortgage?

prufrock

hi there,

can anyone offer a bit of general advice please?

my partner and I took out a joint mortgage with Halifax fixed term 2 years as first time buyers (80% ltv). it's due to move to standard variable rate in early 2016.
since last mortgage we have had twins : ) and in total we now have 3 kids.
our combined income at time of mortgage application was about 45k and we were 2 providers and 1 dependent.

since then I have started a new job (just passed 6 months probation) which pays just over 50k.
unfortunately my partner was made redundant whilst on maternity leave and so would ordinarily be looking for work again now. sadly she has recently been diagnosed with stage 2/3 breast cancer and is currently undergoing chemo (chemo-op-radiotherapy)
she does now receive some money from PIP and this is due to be reviewed in 2017. I am not sure whether this can be counted as income?
we have joint accounts and no debt except 1 credit card from Santander which is paid in full each month by DD (accounts for about 12% of available total credit on the credit reports). both our credit files are squeaky clean (no searches/credit applications/defaults or missed payments- on electoral roll etc)
my simple question is, is there a chance of us getting a remortgage to another fixed term or will our new personal circumstances (I suppose we are now 1 provider 4 dependents and illness) mean that there is no chance?
given the circumstances I will probably try a broker nearer the time if you guys think there is an ok chance of success.
I think the house price has risen by about 8% (or much more if anyone ever believes zoopla!) and we have some savings now due to the redundancy money- which we would use to get a better LTV if that is an option.
any advice you have would be very much welcome : )
thanks for reading
pru

kingstreet

No increased borrowing and no change in term = no affordability if you do an online product transfer.

Involve a human being and you invoke the advice process and you may not be able to avoid questions.

A remortgage is a new mortgage with a new lender to replace the old one. You may wish to avoid this.

prufrock

hi kingstreet,


thanks for replying

sorry to ask but to be clear are you saying that if I do an online product transfer with my current lender with no increased borrowing and no change in term I will not have to do the affordability checks again?

and then are you saying that if I approach my broker I have involved a human being and then will potentially have to answer unavoidable questions which will inhibit my ability to then do an online product transfer?

if so I am very grateful for your advice!

thanks
pru

kingstreet

prufrock wrote: »

hi kingstreet,


thanks for replying

sorry to ask but to be clear are you saying that if I do an online product transfer with my current lender with no increased borrowing and no change in term I will not have to do the affordability checks again?

Yes.

and then are you saying that if I approach my broker I have involved a human being and then will potentially have to answer unavoidable questions which will inhibit my ability to then do an online product transfer?

No. I'm talking about Halifax personnel having to follow their internal advise procedures.

Your broker can do it online without checks too.