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AIBU?

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Original poster

What happens if your mortgage needs to be renewed but…

35 replies

Uhmmmp · 28/07/2025 14:05

You have stopped work? Can you simply not get a mortgage?

If so, what I don’t understand is why you can stop work while in the middle of say a five year term and as long as you meet the payments it’s fine?!

OP posts:
Icanttakethisanymore · 28/07/2025 14:15

You don't need to re-do affordability to re-mortgage with the same company.

MellowPinkDeer · 28/07/2025 14:15

If you stay with the same provider they don’t redo the checks - this was our experience .

BusMumsHoliday · 28/07/2025 14:15

Your current lender would probably be happy to move you to a new fixed rate deal. A new lender would probably refuse you unless you could show a lot of savings or another form of income.

Bellibolt · 28/07/2025 14:13

In my experience you can still have a new fixed rate with the same lender. They don't ask for any details about finances you can just do it online.

Purpleturtle45 · 28/07/2025 14:13

Your mortgage company have committed to lending you the money until the mortgage is paid off within the timescale set. It's only the fixed rate part rate that expires and you would go onto the SVR.

Friendlyuntilitwasnt · 28/07/2025 14:13

Since getting my mortgage I no longer work, I get an ill health pension along with reduced esa payment and pip, since then I've had to stay with the same provider and can renew but can't change the length/port etc as that would need a new credit review. They know my circumstances have changed but are happy to continue as long as I don't default I'll be fine.

ThatRoseDeer · 28/07/2025 14:10

You’ll just go across to their SVR, but the interest rate is likely to be much higher 🥴

herbalteabag · 28/07/2025 14:09

You don't need to declare that, it will just carry on with you on a new deal, as long as the people on it are the same as before.

NoSoupForU · 28/07/2025 14:09

You'd most likely revert to the standard variable rate if you couldn't satisfy income and affordability checks to remortgage.

GulliaumeDuc · 28/07/2025 14:08

Because as long as you meet the payments, it’s fine. You’ve answered your own question.