End of 2 year fix - financial not so fun and games

Socksey

Hi,
I am just looking for a little advice as my 2 year fix is coming to an end in the next few weeks.


Background:
Since I took out the mortgage, my husband (resident abroad and not in the UK for more than a few weeks) has not been paid for about a year.
I have just looked at the affordability calculator for my current lender and I wouldn't be able to borrow what I currently do, so £29k instead of £93k required. I am currently struggling but I haven't bounced this or any other payment (ever). Come April my mortgage is due to rise by about £50 as I go on the SVR.


Question:
Bearing in mind that with the new affordability criteria I am unlikely to be accepted for a new fixed rate am I better off simply allowing things to go onto the SVR for the moment and saying nothing to the mortgage provider or should I let them know that I am having temporary financial difficulties?
As soon as my husband is paid, our financial issues will be sorted but we are unsure when that will be. He is not named on the mortgage etc as he is not resident here in the UK and wasn't when I bought the house.


Thanks for any suggestions

kingstreet

What about existing lender customer retention products available without further affordability or status checks?

Socksey

kingstreet wrote: »

What about existing lender customer retention products available without further affordability or status checks?

Thanks, I've been trying to find out about them and the rates seem to be worse than I'm on and almost the same as their SVR, so 4.49% instead of 4.74%
They have some good rates for new customers but not for existing.