Remortgaging as a student

W00tang

Hi, thanks for potentially helping

My wife and I are currently working full time, but i'm hoping next year to go to uni for 3 years. We have a 6 week old baby, so based on our income with me as a student including grants and loans i can potentially earn around £12-15k a year which, after tax is roughly what i earn now.

My wife mentioned before that we are due to remortgage in 2 years time so I should wait until we have done that before starting. If I have to i will, but i've been working 8 years towards it and I really want to get it done.

Anyway, how would this work in terms of us remortgaging with me as a full time student? I'll obviously have a part time job in between, so is it possible to remortgage with one half of the mortgage holder being a student?

Thanks in advance!

Thrugelmir

Remain with your existing lender. Rather than remortgaging. Choose from the online options available to you.

W00tang

Thrugelmir wrote: »

Remain with your existing lender. Rather than remortgaging. Choose from the online options available to you.

Thanks so much for the reply!

I have seen someone mention that, but it sounds a little like lying by omission. Is there any way to predict roughly what would be available at the time? and could we keep a set rate or would we have to go variable at this point?

Thanks again

Edi81

When remortgaging online which tends to mean switching the rate the lender doesn’t ask too much.

Who is your lender? Someone will know what their online switch asks for

kingstreet

You are looking for a customer retention product, you aren't remortgaging (which is a new mortgage from a new lender to repay the old one.)

Customer retention products normally don't involve further income or status checks so you will be omitting nothing as you'll be asked nothing.