What happens if your mortgage needs to be renewed but…

[Uhmmmp]

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?!

This is not true. Consumer duty means that customers will be offered the best available retention product, unless you don’t meet criteria. This would include for example being in arrears
affordability and credit rating won’t be checked

We just renewed with the same provider and had to provide P60s, payslips and bank statements.

Jesus who are you with that you needed all that? We’re with Virgin and we just pick a new product on the website and click ok.

Not true, we’ve always just picked a new product, you only go on SVR if you fail to organise that in time.

natwest jhust let me pick a new rate every few years no checks done

you wont be abler to do go to a new provider

Usually if you’re not switching provider then they don’t recheck affordability. So as long as you still make the repayments they will happily renew.

They should offer you a tracker rate instead of their standard variable

They ask if anything has changed since last time

Barclays. Maybe it's because we went via a broker? Although they got us a better deal than what was offered online.

If it’s a deal not offered online and via a broker you effectively remortgaged rather than switched products even though you’ve stayed with the same provider so they’ve treated you like a new customer.