I'm planning ditching my permie job in April this year to go contracting, i'm also planning on moving house within the next six months. I currently have a mortgage based on 3.5 x my partners wage and 1 x my wage (she earns slightly more than me). My question is if i go contracting in April and the house sells say in June, how difficult is it going to be to get a new larger mortgage for the new house based on both of our salaries? i've heard some mortgage providers ask you to produce 3-6 months evidence of earnings if your a contractor. There could even been a chance of me being without a contract when the house sells.
Also it possible to re-mortgage for a larger amount now while i'm still a permie and then use the capital when we've found somewhere later on in the year?
Also it possible to re-mortgage for a larger amount now while i'm still a permie and then use the capital when we've found somewhere later on in the year?
Comment