When buying a house (first time) what happens if you are made redundant?

silvercar

jay3 wrote: »

Hi all. My advice is: you must inform them. Forget legalities, whether you can afford it or not, it is surely the right thing to do! Imagine if you were lending the money to another person (yes I know, chance would be a fine thing!) - but wouldn't you expect them to tell you?

(Steps off moral highground...!)

Just like the banks informed us when they were in deep !!!!!! with our money invested.

jay3_2

Touche!

But how does lending a very large sum of money to someone who may run into difficulties paying it back because of redundancy help out? Surely this is how they got into the mess in the first place?

(no offence to the original poster intended, this is a general statement, I don't know your circumstances, but I still advise being honest about this)