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Looming redundancy- when to inform mortgage company

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Looking for any advice on informing our mortgage provider of my looking redundancy status.
Is there a ' best time' to do this - i.e on first notification or 1st day of unemployment etc..?

Thanks for any advice 
:j

Comments

  • la531983
    la531983 Posts: 3,115 Forumite
    1,000 Posts First Anniversary Name Dropper
    If you are still planning to make the minimum payment, why would you need to even mention it at this point?

    If not, you really should be doing it as soon as possible.
  • Throwaway1
    Throwaway1 Posts: 528 Forumite
    Eighth Anniversary 500 Posts Combo Breaker
    You don’t need to mention it at all unless you are currently remortgaging your property. Unless you mean that you think you won’t be able to afford the payments anymore in which case asap.
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  • Brie
    Brie Posts: 14,749 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Been through redundancy a number of times in since first owning a home and it never occurred to me that I needed to inform the mortgage company.  Then again I always assumed I could afford to pay (which I have).
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