69.3K members
1.2M posts
cancel
Showing results for 
Search instead for 
Did you mean: 

Remortgaging

4 REPLIES 4
sunnyday
Member

Re: Remortgaging

Hi Mary32 & Lakeslover thanks for both replying.  It's reassuring to note that you both have taken out mortgages since diagnosis, and that health questions do not feature in the application.  I was asked by my current provider once if I would be interested in looking at alternative mortgages they had on offer, but the form you had to fill in asked about health so I didn't pursue it, and that was why I thought it might prevent me from remortgaging.  

 

JuSt thank you for consulting with your husband on this, and for advising that I would be able to remortgage.  I do not however have any life insurance (although I would get 2 x my current salary from my employer for death in service).  This amount would almost be enough to cover the sum of the mortgage.  I wonder if this would be acceptable to a mortgage company?  Obviously taking out life insurance now would be too costly.

 

I now know that remortgaging is a possibility and one that's worth looking into to try to get a better deal.

 

Sunnyday x 

 

 

JuSt
Member

Re: Remortgaging

Hi Sunnyday,

My husband is an independent mortgage adviser and can confirm that having cancer will not stop you getting a mortgage.  Mortgage applications are only based on income and credit ratings, not health ratings. The only area your health affects would be any future mortgage life insurance.  

Hope this helps,

JuSt

mary32
Member

Re: Remortgaging

Hi Sunnyday

 

I remortgaged late last year just as I was finishing rads. There were no health related questions that I can recall, just the usual financial ones. I remortgaged with Scottish Widows through a broker.

 

Mary

Lakeslover
Member

Re: Remortgaging

Hi,

I have been approved for a mortgage since my diagnosis. I wasn't asked any questions about health. I was asked about taking out life insurance to cover the mortgage, but I already had enough cover anyway so it didn't become an issue.

sunnyday
Member

Remortgaging

I wonder if anyone in the know could advise me whether I would be able to remortgage as I was diagnosed with BC 4 1/2 years ago.  I have a joint mortgage with my husband and it is reasonably small in comparison to the value of our property.  Would a mortgage provider entertain us once I advised of my diagnosis?  I am very reluctant to advise my current provider in case they put pressure on us to pay the mortgage up, just in case.  If anyone has any personal experience of this I would love to hear from them, or if someone works for a bank or other mortgage provider and knows about this I would likewise be interested to hear. Thanks.  Sunnyday x