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Do i need to inform my mortgage provider if i go self employed?
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Kathleen_333
Posts: 5 Forumite
Please does anyone know if I need to let my mortgage provider know if i give up my job and become go self employed ?
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Assuming you have completed, no.If you are in the middle of applying, yes.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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I phoned the mortgage provider to see if I could increase my mortgage term ( but I have now decided to leave the term as it is) and they asked about employment and I said I was now self employed. Now they are aware is this likely to cause me be a problem?0
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I phoned the mortgage provider to see if I could increase my mortgage term ( but I have now decided to leave the term as it is) and they asked about employment and I said I was now self employed. Now they are aware is this likely to cause me be a problem?Assuming you have completed, no.If you are in the middle of applying, yes.0 -
They wont do anything to affect your current mortgage.
They will consider your employment situation if you wish to change your mortgage (as when you asked about changing the term). Since you have dropped that idea it wont go any further.
No harm done.
They wont be visiting you in the middle of the night to turf you out of your home.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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