Remortgage but self employed

Fvle1979

Hi,

Our mortgage is up for renewal later this year after two years fixed. My husband is starting up a new business so very recently self employed and I do not work. Worried about our options and what could happen if we stick with our lender as we won't have years of accounts etc. Any advice or experiences welcome?

Thanks
Fiona

betmunch

You won't be remortgaging, have a look at your lenders retention products.
If they offer them you should be able to just pick one

Fvle1979

Thank you, is that what they refer to as " product transfer"?

kingstreet

That is the internal term Halifax uses for a customer retention product, yes.

If you look for these options online here;-

http://www.halifax.co.uk/mortgages/existing-customers/switch-to-a-new-deal/

and don't involve human beings in the process, there is no advice and no affordability or status checking. You cannot borrow more this way. Such checks cannot be avoided if that is the case.