Mortgages and Maternity

Stinkybell

Looking for some experience and ideas please,

Our 3 year fixed mortgage is coming to an end in February 2016, around 2 weeks after the due date of our first baby.

The original mortgage was 80% LTV but thanks to London's hyper inflation our LTV is likely to be well under 65% based on local sold prices. We are also going to do a loft conversion this autumn. It will be finished by mid January and almost definitely push us under the 60% LTV threshold. No finance will be required for this and both our credit histories are very good with no other financial commitments.

Are mortgage companies likely to take my full time salary into account when calculating our rates? My husband will need about 6.5x his salary if they don't, or we will need 3.8x our joint income. We have some savings to cover my contributions to the mortgage during my maternity leave and I intend to return to work - what hours will depend on the mortgage repayment!

Do I even need to tell a mortgage company I'm pregnant or can I gloss over this to get the best rates? I know you can book in a rate up to 6 months in advance when buying a house - is this the same for re-mortgages? Will they be able to do a valuation before the building work is complete?

Thanks