Before I start I do understand that technically the mortgage is not transferred but for the purpose of this question I will refer to it as such. My problem is that my wife and I are moving and basically that means we have to change jobs because of the distance involved in the move. This is not a problem for my wife as she has managed to get a transfer with her job but I am in the process of looking and have not found anything yet although one job seems promising. The job in question pays a significantly less than my current job(about 4-5k difference) although I hope the find another job that pays more. We have found a house and the process of transferring the mortgage has started (i.e. solicitor instructed, searches being carried out etc). My concern is that if I get this job then I would have to give my employers notice. Ideally I want my current salary to be taken into consideration rather than my new one. The new mortgage is for the same amount as we previously had.
- Is my old employer obliged to inform the mortgage company that I have given notice(the notice period is 4 weeks)?
- If so then will my new job’s salary be taken into account and what effect will this have on the mortgage transfer?
Thanks for any help