Product transfers and earnings

Daybyday · 24 November at 9:08AM

Hi all

I wanted to ask for some advice. We are on a fixed term mortgage which is coming to an end in the next 6 months. We will have to do a product transfer as the bank isnt aware that we've had a baby and that one of us is working part time and the other is now self employed. We can afford to live comfortably but im not sure the bank would give us a mortgage if they reviewed our finances.

So here is the question: I am trying to take advantage of some of the banking offers to switch accounts and receive £200 etc. When I do this they ask for my employment status and my wages. If I give them that information is it going to flag to our mortgage lender that I am earning less than when we took the mortgage on?

I know this isnt an ideal position and next time oue fixed rate ends we will be able to do a full revaluation and remortgage.

Thanks for any advice!