Renewing mortgage now I'm unemployed

Mrs_S1

I took my mortgage out 2 years ago.

This rate is coming to an end in Feb 2019 and I'm worried as I was made redundant in Aug 2018 and have been struggling to find work that fits around the kids.

My husband is still fully employed

Now that it's Time to renew will my rate be high as it's going to be based on on salary at the moment.

Any help on this would be much appreciated

Thrugelmir

Your lender will offer online options for a new mortgage product. Use this and your change of circumstances doesn't matter.

Glover1862

Straight forward product switch, assuming your lenders allow it, most do. If you do take advise and pick your own product you should be ok.

Mrs_S1

Thanks I don't know why I thought it might be more expensive. Finding info online about renewing rates is hard to find

kingstreet

Check your lender's rate switch, product transfer or customer retention products.

fewcloudy

Glover1862 wrote: »

Straight forward product switch, assuming your lenders allow it, most do. If you do take advise and pick your own product you should be ok.

Did you mean DON'T take advice? Unless you meant taking the advice given on here?

fc