Mortgage and 2nd lockdown

Kelstar1

I am having a huge panic! We exchanged contracts yesterday after waiting 6 months and move set for next Wednesday, however I’m self employed and can’t go back til 3rd December, I have been reading up that mortgages can be withdrawn up until completion due to a change in finances, I didn’t think a month off was an issue as I planned a few weeks off to move anyway also this is a joint mortgage my partner is employed so money will be coming in, should I be worried? 

Thrugelmir

Once lockdown is over will you be in a position to trade normally? 

Kelstar1

yes I literally worked 12 hour days before the lockdown to fit all my November work in and have a full diary for December 

Thrugelmir

No concerns then. Issue is for those whose future income is potentially in jeopardy. Job security for some is fragile. 

endangered_newt

We were offered a mortgage based on my partner (who is self-employed) closing her business for a month for lockdown. I hope that is a good indication it is unlikely offers will be pulled unless there is clear evidence that mid to long term profitability is at risk.

Kelstar1

Thank you, so much has happened with this mortgage and we are so close to completing! I really didn’t think having a month off was an issue so just left it as knew I would have the same amount of work after returning like with the 1st lockdown, it’s whether they would take my word for it.