We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Mortgage Offer Changes
mgreenberry
Posts: 1 Newbie
I need help.
I have recently applied for and recieved a Mortgage Offer for a property I am in the process of purchassing.
However, since applying for and recieving this offer I have changed my job will be working for the NHS. I am due to start in the next few weeks so don't have final details of pay, hours etc. Roughly, I will be earning .7 of £18,000 per year (£12,600) and working .7 hours of 37.5 (26.25 hours) per week. As soon as I have a the permanent contract I can send a copy to my mortgage company, if needed. I will also include details of a contact number in payroll so they can contact for more details should they need to.
At present I am doing some temporary work for the NHS. This pays £7.98 per hour and I am currently working 3-4 days a week until my permanent contract above starts. There will be NO break in employment and NO reduction in my monthly/annual income. Something I will be able to prove in the next few weeks.
Therefore, I need to know what is the best course of action before our completion date. Do I need to contact the mortgage company before this date, if at all?
So what do I do now? Am I obliged to notify the mortgage company? (I haven't yet exchanged or completed on my sale/purchase)
Am I obliged to notify them? When do I need to do this by? Also, does my financial advisor have to tell them as he knows about this?
Can anyone help please?
Thanks
I have recently applied for and recieved a Mortgage Offer for a property I am in the process of purchassing.
However, since applying for and recieving this offer I have changed my job will be working for the NHS. I am due to start in the next few weeks so don't have final details of pay, hours etc. Roughly, I will be earning .7 of £18,000 per year (£12,600) and working .7 hours of 37.5 (26.25 hours) per week. As soon as I have a the permanent contract I can send a copy to my mortgage company, if needed. I will also include details of a contact number in payroll so they can contact for more details should they need to.
At present I am doing some temporary work for the NHS. This pays £7.98 per hour and I am currently working 3-4 days a week until my permanent contract above starts. There will be NO break in employment and NO reduction in my monthly/annual income. Something I will be able to prove in the next few weeks.
Therefore, I need to know what is the best course of action before our completion date. Do I need to contact the mortgage company before this date, if at all?
So what do I do now? Am I obliged to notify the mortgage company? (I haven't yet exchanged or completed on my sale/purchase)
Am I obliged to notify them? When do I need to do this by? Also, does my financial advisor have to tell them as he knows about this?
Can anyone help please?
Thanks
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.6K Work, Benefits & Business
- 602.9K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards