So scared of losing our home - please help

[anxious78]

The fixed term on our mortgage is coming to an end soon and we want to get a new fixed rate deal. Since we bought the house our financial situation has become less stable than it was (we both got made redundant and are now self employed). We did speak to a broker who advised us that it would be hard to get a new mortgage as a result and that our best bet would be to stay with our current lender.

However, I’m terrified that the bank could refuse to give us a new fixed rate deal, and that we will either have to pay the standard variable rate (which is a lot more expensive than the fixed rate deals) or that they will withdraw the mortgage altogether and we will lose the house. Is this something they can do? I’m feeling so anxious, please help.

My remortgage was about 3 clicks. I was staying with same provider and it shouldn't be hard at all for you too.

I was with Nationwide and it was surprisingly easy.
I was stressed as at the time I had became a sahm and our income reduced alot.
But they asked nothing about our income because we had passed affordability initially. We were very fortunate that we house had increased in value so there was a better ratio and a much better rate than our ftb 5% mortgage.
If you have online access to your mortgage you might be able to check when you can switch and see deals

I had this problem last year but just stayed with current lender and signed up for new fixed term on the Natwest app.

If you’re not changing lender, what value does a broker add? The on-line offers always used to beat anything a broker could do, which is hardly surprising as they take a slice. But, I haven’t had a mortgage for a while so perhaps things have changed?

I agree with that. Go direct to lender. My broker contaglcted me when it was time to remortgage and when I said I want to stay with same lender, she just said "great. Contact me if you change your mind".

@Tryingtokeepgoing absolutely go directly to the lender if you want, we offer free of charge service so I suppose I just see it as why have a dog and bark yourself. But obviously is your broker is charging a fee for a product transfer, it's not really worth using them

I’m with nationwide and they’ve never checked my finances when it comes to renewing a fixed rate.

do it online if you can