Self-Employment & Mortgage Renewals

alasdairmartin0560

Hi All,

I'm after some advice regarding Mortgage renewals and becoming self-employed:

I'm considering returning to a self-employed status job after a 2 and a half year in PAYE emplyment. However, my mortgage is due for renewal in September.

I'm aware that I will be limited for applying for a new product with another provider, but can anyone tell me is there anything which would stop me getting a product transfer with my current provider, and what are the parameters around this? How do they decide what interest rates to charge etc.

Many thanks

ACG

Not normally, but who is your lender? 

kingstreet

Some lenders have a published customer retention product range, others will allow you to pick from general products, others have products for specific borrowers.