Help please: at risk of redundancy & contract exchange

27sum

Hi,
Please advise. I am about to exchange contract for a new built house next week. This week at work have been told that my team is "at risk" of redundancy and our consultation period will end by mid of next month.
What should I do? Should I ask seller to wait for say 3 weeks and then I will definitely exchange contract which I will.
I fear that it could mean that I lose my dream house if they find a new buyer should they not wait for me.
Can someone please please guide what I do.
I still want to go through the deal even if I am made redundant as will be able to find another job per my skills plus saving and redundancy money should see me through for couple of months, it just that lender may pull if I tell I am being made redundant.


thanks

Typhoon2000

What does your mortgage offer say? To tell them if you know you are being made redundant or to tell them is you think you may be made redundant ( IMHO everyone employed is at risk of redundancy)

Tomg84

I do remember them asking are you aware of anything that may affect your income in the future. If I was in your shoes I would be asking my mortgage broker for advise as I would hate to fall foul of the terms of my mortgage offer. The mortgage company provided an offer based on your current circumstances and they have now changed.

Mortgage_Adviser

Go with your broker advise on this.
If you went directly to the bank, you are on your own on this.