coming to the end of my five year fix..

Lisalouise1974

Hi 

I am due to come to the end of my five year fix with First Direct. I am not necessarily planning to change provider and I have learnt from this forum that I could look to just switch products with my current lender without an affordability check but my circumstances have changed. I earn the same salary as when I took my mortgage the last time but I have only been in my job for 2 months, not been unemployed or anything, always had continuous employment but just a new job. But also my partner has moved in with me, for now we have a co-habiting agreement, he pays half the bills and half the food shopping but no rent or mortgage payments, so my questions are, whilst there is no affordability check will being in a new job hinder me? I have literally just started my second month so have two months to pass my probation. I assume there will be a credit check - my clear score is 1000 out of 1000 will this throw up my partner, I am not planning to add him to the mortgage or anything! Not planning on hiding the fact he lives here obviously just wondered if it will throw up questions. life has been pretty stressful of late and partly staying with my current provider to stop the hassle of a full re-mortgage with a different provider.

Thanks in advance

dimbo61

If you look on the First direct mortgage website you just look for " New deals for existing customers "
As long as your not planning on changing anything such as the amount you want to borrow or the length of the term you just click a few boxes.
No need to tell them about the new job or provide wage slips etc.
It's only if you want to borrow more money for whatever reason or extend/reduce the term or ADD your partner onto the mortgage that you have to go through the whole mortgage application process.
You should hopefully get a better rate than you have now.
I think you can sign up to a new deal 3 months before your old one runs out

Lisalouise1974

dimbo61 said:

If you look on the First direct mortgage website you just look for " New deals for existing customers "
As long as your not planning on changing anything such as the amount you want to borrow or the length of the term you just click a few boxes.
No need to tell them about the new job or provide wage slips etc.
It's only if you want to borrow more money for whatever reason or extend/reduce the term or ADD your partner onto the mortgage that you have to go through the whole mortgage application process.
You should hopefully get a better rate than you have now.
I think you can sign up to a new deal 3 months before your old one runs out

Thanks so much Dimbo61 your help is very much appreciated.