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Mortgage Renegotiation
monkey84
Posts: 27 Forumite
I am currently paying off a mortgage which is fixed rate for 5 years. The fixed rate will expire in early 2017 and will need renegotiating at that time. At the moment I am contemplating switching from a permanent to a long term temporary position at the same salary. Is this likely to cause issues when renegotiating the mortgage i.e. will the bank be concerned if I still have a temporary contract at that point, or will they simply be interested in the fact that I have been paying off the mortgage in full each month for the past 5 years? I'm interested in the job but don't want to get into future difficulties.
Many thanks for any advice you can give.
Many thanks for any advice you can give.
0
Comments
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If you remain with your existing lender then your employment status won't be an issue. Lenders make offers they don't negotiate mortgage deals.0
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Thank you Thrugelmir, although I'm presuming that if I do decide to switch lender then it could be problematic?0
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