Worried about remortgaging

[tatty33]

Would be grateful if anyone has any advice/ reassurance...

My dh and I bought our first place about 2 years ago and got a 95% mortgage. Our fixed rate is about to end and we need to look for a new deal. Trouble is I'm now only working part time since having ds. DH's salary has gone up a little but not masses, are we going to find no one will want to lend to us?

Can your current lender not do another fixed rate for you - then you don't have to tell anyone what your circumstances are?

I was thinking that, its nationwide who seem pretty good, so they won't need to know the whole ins and outs then? Thanks

Don't want to worry you, but my 2 year fixed rate is about to end and the cheapest 5 year fixed rate I could get is going to cost around £65 more per month and that's only on 98k.

Oh God, its better to know so I can prepare but it all seems so scary. If i tighten the purse strings anymore I'm going to choke!

Our fixed rate ran out last year and we thought about going with who we do our banking with, but tbh it was easier (yes we had to pay a fee to switch products - even though the fixed rate had come to an end as you automatically go onto the variable rate) to stay with our current lender.

We got a new 5 yr fixed deal although the rate was higher than what we currently paid but still lower than the variable rate.

They just sent us some papers to sign and we had to get them sent back before a certain date in the month in order to go straight onto the new rate and that was that.

I would call your current lender and see what they are offering you. I am finding with quite a few of my clients that the existing lenders are offering the best deals for their existing clients and often the deals are better than those out in the amrket place.

Tatty if you have no joy with your current lender my dp is a broker and has an ad on mnet here and isn't charging any fees to mnetters!