You are reading a single comment by @NotThamesWater and its replies.
Click here to read the full conversation.
-
I suspect the answer would be 'ask them'
Have a chat with a broker would be my suggestion. They are going to be offered rates that would not be offered to you - we were offered 2.5ish5 by Natwest, by 1.79 through the broker, which more than made up for the fee.
Also, for a product transfer, we aren't being asked for income. Which is good. As i have none...
NotThamesWater
CYOA
How accurate is this:
https://www.thisismoney.co.uk/money/experts/article-2120599/Do-I-need-tell-mortgage-lender-Ive-redundant.html
(tl;dr - once mortgage in place there's no obligation to tell lender of change in circumstances)
Not redundant but Mrs CYOA hasn't worked for a couple of years as she's been mumming - we've got 18 months left on ours and I'm self-employed - presume options are:
Presumably, if we apply for a product transfer with current lender and they say 'nah you're not earning enough' they can't renege on the initial mortgage and, as long as we make repayments, they're unlikely to ask for the keys? I suspect the answer would be 'ask them' (Clydesdale) but hesitant to show cards for fear of the worst etc.