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Freelancing, mortgages and the bank
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Asbogiraffe
Posts: 1 Newbie
Hi. I have a joint mortgage that is on a variable rate. My partner is working full time and I have just quit full time employment to do freelancing. The mortgage was about 2.7 x our joint income, so affordable. As a result we have some money put aside. I also have freelancer work lined up, but not at the same level as what I was getting paid (for just now).
We've had the mortgage for 2.5 years and i've been a customer with the bank for about 17 years (not that I think that matters now!). Should I tell the bank I'm now freelancing or wait until I have a more predictable income?
What are the likely outcomes? And the risks in not advising initially?
Thanks.
We've had the mortgage for 2.5 years and i've been a customer with the bank for about 17 years (not that I think that matters now!). Should I tell the bank I'm now freelancing or wait until I have a more predictable income?
What are the likely outcomes? And the risks in not advising initially?
Thanks.
0
Comments
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Unless you're applying for more money, changing lenders etc there is no need to inform them.0
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