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Impending company name change - what to tell lender

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Hi

I'm about to re-mortgage my flat, broker is calling in an hour to confirm everything.

Very recently, we found out at work that the company I work for is about to be merged into another company (also owned by the same parent company), and as part of this process will have its name changed. I don't know how long this process will take but it's highly possible it will overlap with the remortgage process.

Is this likely to cause me any problems? What I am hoping is that when the new lender checks details they will simply contact someone at my company who will confirm that I've worked there for X years regardless of what the company is now called. But I'm worried in case it won't be that simple.

Should I mention something to the broker, or is it going to throw a spanner in the works in case this is counted as a 'new employment'? I'm not yet entirely sure how my contract will be affected but assume it will be a TUPE-type deal.

I haven't worried too much about this up until now as my partner who I am taking out the mortgage with earns 3 x what I do and can cover it anyway (don't think last lender even bothered checking my details beyond credit score) but of course this one may be different.

Or, should I simply give the name of the parent company which is not going to change? Help!

Comments

  • Tell the broker who will tell the lender in covering notes - shouldn't be the slightest problem.

    .... certainly less than it 'being spotted' and raising subsequent questions !
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