Sole mortgage

Toots369

Hi guys, be grateful for your advice on this...
I currently have a mortgage on my home in my own name which I took out in 2012. I am hoping to remortgage to bring the monthly payments down. Although my partner and I have lived together for several years we are not in a position to get a joint mortgage due to (extremely :mad:) long-winded divorce proceedings between him and his ex; I'm unwilling to get a joint mortgage while he remains financially linked to her.
I'm aware that his contribution towards the mortgage and household bills will not be considered by a lender since the mortgage is in my name only...however can I take this into account when providing my expenditure amounts? E.g. childcare is £300pm but he pays half, so can I say MY childcare expenses are only £150pm?
Sure the answer is 'no' but it seems unrealistic for a calculation to be made which oversestimates my personal outgoings?
Is there any other way to get round this?
Thanks!

csgohan4

You can also consider customer retention products, usually done online which means you don't need to be credit checked and Under the same scrutiny as if you were applying for a new mortgage. It's a simple switch process.


However the rates may not be market leading, but may buy you some time perhaps.


Expenditure is normally based on ONS statistics now a days, with child care costs not sure if lenders will take into account your partner's contribution.

ACG

Its a good question as normally I would say no - when looking at gas/water/tv etc but for something like childcare it is potentially a little different.

If you use a broker ask them, I would not rule it out however. If you go direct you should ask before doing any credit checks. Although if your income is say £20k and your morgage is £50k, then it should not matter in any case.

As csgohan says, you could also see what retention products are available in order to allow you to bring the rates down without switching lenders.