Remortgaging Jan 2026 issue, please help

Stargirl1234

So I have around 350,000 left on a joint mortgage with my husband and need to renew in Jan 2026. We were on a 5 year fixed at 1.92%. I am well aware the repayments will be much larger at remortgaging time. Currently we pay £1500.

My issue is that I am worried sick as my husband has decided to run up debts behind my back amounting to 10k and now has 2 defaults. I had offered to help bring them down but he refused my offer.  I am now worried if this will affect remortgaging? If we stay with current provider would anything be affected?

Also does him having defaults muddy my name also? I am gutted he has done this behind my back and refused the help given remortgaging is round the corner.

Any advice is much appreciated.

kingstreet

Remortgage = new mortgage with new lender. Probably unlikely given what you say.

Rate switch/Product transfer = new deal from existing lender. No checks or evidence, so should be available option.

Hoenir

Are you financially prepared for a hike in outgoings when your current product expires ? 

Stargirl1234

Yes I can pay the mortgage myself. Obviously it's better when we both pay.

PixelPound

Hi @Stargirl1234,

Is your husband have an agreement to pay his debts or ignoring everything? If he is and continues to ignore the defaulted debts, one possibility is he gets a CCJ and then if he still continues and because he is still a home owner then a Charging Order granted, and although it would only be against his portion of the house it is still a charge on your title deeds and needs to be considered should you sell etc (in theory they could also force a sale of a house from it, but usually not the case).

That aside as @kingstreet says your options are either a remortgage which is taking a mortgage out with another provider and would involve a full credit search in which the defaults would come up and either your application would be rejected or the interest rate fairly high. Or a product switch, effectively taking a new deal with your current lender, usually this is going on to a new fixed deal but could also be switch to tracker rate or some other mortgage product. So long as you are not extending the term it doesn't involve a full search (I'm not sure it even has a soft search), and will be an option for you.

I know someone in a similar situation and they were able to do a product switch online with ease (Can't remember who they were with but the rate was the normal rate at the time for that bank at their LTV).

RAS

Standard issue on the debt free forum, even for those with IVAs. Transfer/switch to another deal with your existing provider.

But you also need to look at what has led to your husband wracking up this debt, and if he can't talk consider how to protect yourself.

Other than the mortgage, do you have any other joint accounts?