when your mortgage fixed rate ends....

It depends really. If you are looking to stop with the same bank they will often just transfer you onto a new deal. However if you are looking to remortgage and take some money out then you may have to provide proof of income.

If you are looking to move banks then depending on the type of mortgage you ae taking ie self cert etc you may need to prove income again, along with having a new valuation on the property.

It is probably worth you consulting a financial advisor if this is something you don't know much about.

If you do nothing at all the mortgage usually transfers over to the bank's standard variable rate. This is usually a lot more expensive.

If you stop with the same bank they can usually put you onto a new deal for another fixed rate. We didn't have to re-produce documents etc.

We were on a discounted variABLe rate, but when it ended we were automaticaly moved onto our bank's standard variable rate - that's usually what happens. If your circumstances have changed it's often easiest to remortgage with you existing lender, \I think.

We recently changed our mortgage as it reached the end of it's fixed rate and would have gone up loads if we'd just left it. We're in the same situation as I am part time since having a baby.

In the end we found a good deal with our existing lender so moved onto that rather than apply with another mortgage company. As we are currently with them we didn't need to provide any personal details as we weren't asking for any additional money, so we just swapped product in effect onto another reduced rate.

Thanks very much everyone. we plan on staying with the company but just didn't know where we stood as our income has changed.

thanks