Mortgage deal ended

[ISeeDeadDandelions]

I'm just after some advice please. My mortgage deal has ended, but in the mean time I am earning less than I was when I got the deal, and have some debts now due to my marriage ending and having a child.

If I go to change to a new deal will I have to go through affordability etc again if I stay with the same provider? I don't think I would pass checks to get a new mortgage with a new provider due to lower income etc against the amount left on the mortgage (even though I'm paying it no problem), but am on their standard rate now so wasting money...

Speak to your provider. I have just remortgaged with the same provider and I didn’t need to go through all the same details, so I was able to get a better deal.

Is the mortgage in your name only as you say you’ve split from DH? If it’s in joint names and you want to get his name off they you would need to reapply and go through affordability etc.

The affordability tests sometimes seem ridiculous when you are already paying more than another deal they could offer you. Good luck

I had to stay with my provider when remortgaging. It was easy to swith, really easy. The only reason they would need to go through affordability is if you wanted to reduce the years or increase your mortgage

Thanks both. Yes the mortgage is in my name only, it was mine before we met and we agreed I would keep it luckily!!! Fingers crossed I can get a new deal then. What a relief!

You should just be able to switch to a new deal, it's not remortgaging to the same provider, if you're keeping everything the same except the interest rate you're just switching deals. Login online and it may just be the click of a button.