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Possible Redundancies at work - Will my lender still lend?
Kevlar82
Posts: 1 Newbie
So, I've been in the process of buying a shared ownership property since Feb, due to obvious reasons and some errors from the sellers solicitors it's taking some time.
I'm now almost at the point to exchange contracts, but have recently found out about possible redundancies at work, I'm concerned if my lender will now be ok with lending, do I notify them? With my savings and redundancy pay I'd hope to find another job before I struggle to make my mortgage payments... I'm just a bit worried about going ahead with exchange, to possibly be told my lender won't release the mortgage, I don't want lose my deposit.
Anyone been/are in a similar position?
I'm now almost at the point to exchange contracts, but have recently found out about possible redundancies at work, I'm concerned if my lender will now be ok with lending, do I notify them? With my savings and redundancy pay I'd hope to find another job before I struggle to make my mortgage payments... I'm just a bit worried about going ahead with exchange, to possibly be told my lender won't release the mortgage, I don't want lose my deposit.
Anyone been/are in a similar position?
0
Comments
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Is your job at risk? Or is it other people who are at risk?0
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It entirely dependent on whether or not your job is at risk. When will you find out?0
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