Sufficient funds but failing mortgage rules

petersl1

My daughter and her partner split up just over a year ago and since then she has been making the joint mortgage repayments on her own.

Their joint fixed rate mortgage has now come to an end and she finds she’s unable to move her mortgage to a more favourable rate because of her single salary, even though it's more than enough to enable her to keep up the payments. When they originally bought the house she paid the deposit of some £45,000 so has funds. Are there any companies who handle this sort of situation please?

Sistergold

She will always have to pass the particular lenders affordability. It’s not about “what she can afford”. Also it is not always by moving lenders that you get a good rate as sometimes there are fees to pay and the stress of the paperwork. She can consider switching products with same lenders so she does not pay their SVR which is generally higher than switching to a new product. Switching means no affordability checks too. Good luck