Remortgage - self employed

matthewpenn

Both myself and my wife have left the education sector after twenty years. My wife in 2022, me on 31/8 this year. 

Our 5 year fixed-rate is coming to an end in February 2026.

As I have no proof of current income, I am assuming remaining with our current lender is the only option. I would just like to know if that’s how it is? Not been in a situation like this before.

I am braced for a nasty shock. I hoped this 5 years was never going to end…
although the house price has done well. So that’s something.

Typhoon2000

If you can remortgage will depends on your wife’s salary and the remaining mortgage amount and how long you want to mortgage for. Certainly the simplest option is to get a new product/ fix from the current lender which you should be able to do online with most banks.

ACG

You will only have 6 months trading so as you say no proof of income. 
If your partners income alone is enough that might do the job - assuming it isnt (as I remember my first couple of years starting out) then it will just be a retention product with your current lender. 

Some lenders are better than others but generally speaking they are within around 0.5% of the best rates on the market. So not ideal but not horrendous.