Mortgage question for IT contractor

ComputeAngel

Hi guys,

I am an IT contractor and applied for mortgage with Halifax and offered received on 08/10/2015 based on my daily rate.

The property is in Luton, bedfordshire.

Now my current contract is expiring on 30/10/2015. I have got a good offer in Manchester and start of contract is 02/10/2015.

Now my questions are

Do I have to inform the Halifax about my contract changes?

Will it have any effect on my mortgage offer if I change my contract? The new contract rate is better than current one

Will it have any effect on my mortgage offer, If i accept a contract offer in Manchester . The plan is to do Mon-Friday over there. My family will be residing in Luton and I will be coming back over the weekend.

Thanks

kingstreet

You do not normally need to notify contract change.

If you will incur additional travel or accommodation expenses as a result of working elsewhere, you should disclose this to the lender and then your new contract income may be required to maintain affordability with the new outgoings.