Will we have problems remortgageing if I loose a bit of salary?

Tayb93

Hi all. 

My partners income will be staying the same (21k per year) mine is (27k per year)

Mine and my partners mortgage renews in April, and my current job is becoming unbearable, with the amount of hours I have to do, so I am considering becoming self employed earning the same amount of money but less hours. 

When coming to renew the mortgage in April, what could happen?

I am just worried that if I go self employed, the mortgage will go up stupidly, or we will not get one. 

Many thanks!

MovingForwards

You can stay with your current lender and pick another fixed rate term, usually done with a click of a mouse.

Highly doubtful you could remortgage to a different lender as it's 1 - 3 years of self employed income they want to see.

You should have posted on the mortgage and endowment board, this MFW board is for diaries of people paying down their mortgages.

@Tayb93