FTC renewal of mortgage deal

[Victoriaplum1]

Just started a 6 month FTC in an industry where I have a lot of experience in. Hopefully the FTC will get made permanent or worse case I'll be able to look for another position within the same organisation. That's me being optimistic. However, my mortgage deal is up for renewal of July 25 and potentially will need to look at renewal around beginning of 2025. Gives time but not a great deal. I'm with Santander and when I previously asked them about FTC when I was looking at moving they said they wouldn't entertain it. Have a joint mortgage with DH who's salary covers the bills etc.but I don't want to be taken off the mortgage if the lender says I'm too risky and can't cover my part of the mortgage. When we took out the mortgage initially I was on a permanent contract.
Any ideas please?

I’m with Santander. When you renew your mortgage they don’t do any affordability checks etc So long as you’re not increasing the mortgage it will be fine.

Yep, as long as you're only changing your rate and up to date with current payments (not in arrears) no issues as no affordability assessment is undertaken.

Thanks. We've been paying bits off the mortgage each month and have no arrears. I think my only concern was if we decide to shop around for a better rate etc.

We're in a similar position - I'm FTC and couldn't renew on a fixed rate. When I asked my broker about looking around, he confidently said nobody would touch me on FTC. Hopefully it'll become permanent and I can fix then, but meantime it's been a monthly letter with a rate increase (thanks, Liz Truss). Sounds like Santander would be a good option based on other replies. Good luck!

If you stay with Santander they won’t recheck you so no problem. If you want to change providers might be best to speak to L&C or other mortgage broker for advice. We bought our flat when I was on FTC with no issues though, it’s not a barrier especially if you have always met your mortgage payments and you have a track record of income