Mortgages and childcare?

[CarlyJayne1987]

re-mortgaging to a better deal - currently with my bank (wasnt intentional they were the best on the market at the time), borrowing less money as paying a wad of it off.

firstly - any free brokers? I paid one last time no issue doing that again but I really need to save the £££

But do you have to disclose you are pregnant? It is easily hideable...As at the moment it's my income only...I was not asked this question last time and I would never lie...does it affect a re-mortgage?!

I have a month to sort it out...!

I hid my pregnancy. To me it wasn't relevent as i know i can afford the mortgage

Our broker knew I was pregnant but as long as the mortgage offer in principal is agreed he didn't feel it was necessary to say anything, the mortgage offer only changes when you have a dependent so when you're pregnant you don't have a dependent it's not relevant

Thanks.

I can afford the mortgage that's no issue. I have savings to also prove I can also have several months up front (obvs I don't want to do that but it's there!)

Any free brokers?

I'm going into my bank next week to speak to them but I need a good deal for obvious reasons :)

Sometimes they ask if there are anticipated changes to your circumstances which might cover pregnancy I guess. It depends on the exact wording of what you might be asked and what you’re personally prepared to say yes/no too. We were asked something similar when we were ttc. As there was no baby we were both happy to say no. If we had been pregnant my husband still would have been but I would have been worried.

London and County are free, we found them to be very good.

Sorry, it’s London and Country.

L&C are really good. online only, free. their really highly rated on money saving expert. i didn’t disclose my pregnancy when they asked if our income was going to change over the next 12 months (ie maternity pay) as my DH could afford the mortgage on his own if needed.

they’re*

Thanks guys

Have to say I'm willing to give a porky for income not changing. It won't. But will be coming from.another source

Is it easier to stay with the same provider your with atm and just renew?? I don't want to but if needs must???

If you’re just switching deal with your current lender you don’t need a broker, and if you can do it online you don’t need proof of income or to discuss your pregnancy.

Does your lender offer an online retention deal option? For example Halifax does.

Definitely London and Country you can ring as well as online.

Shelley54....yes... I wanted to pay some off as it would open up a better deal. Worst case scenario I just fix for 2 years again. I wanted to fix for 5 ++

I am happy to do it online if I can't get a better deal..Am loathe to pay a broker like with the first as I have a better grasp on what I'm meant to do now.

I have a bank appointment next week but I'm the meantime I will phone London and country.

I don't mind at all paying the same per month as it's affordable. The 5 or 10 year fixed actually comes out the same per month as I'm paying at the moment anyhow.

With a lump sum...I should have paid this off over the past term (my bad)..can I pay this upfront before the new deal?? Or have I utterly screwed myself over?
Thank you :)

You can make an overpayment before or after your deal ends. Usually during the fixed deal you’re limited to 10% of the outstanding balance in any one year. You can just call them up and say you want to make an additional payment.

If you want to pay more than 10% you may need to wait til your fixed rate ends then do it before moving to a new deal.

The reason I suggested the online rate transfer is because if you sticking with current lender and not changing details such as people on the mortgage, years left on the mortgage etc, then you don’t have to provide payslips and go through underwriting again.

Thank you Shelley. Really helpful. I will phone l and c today and then look at renewing with my bank for a couple of years (once I've paid of)

I'd like it done asap then I can stop worrying!