Mortgage implications if I were to quit my job shortly after being approved?
I'm in a situation where I'm building my business around a regular job. As it stands the max I can borrow is about £46,000 (damn UK, I earn half of that/year!), based on my current salary. I would like to quit my job in the near future to focus on my startup. Would there be any implications to worry about with regards to my mortgage if I was approved then quit shortly afterwards, provided I was still making the repayments with ease?
(1)1 Comments
Sorted by latest first Latest Oldest Best
You mention that you would quit right after getting approved. But in the United States there would be one last check as a part of closing. Therefore it would be best to wait until after closing to quit your job.
Waiting until after closing would also protect you from some hiccup that causes a delay in closing, thus requiring the need to reapply for the loan.
Terms of Use Privacy policy Contact About Cancellation policy © freshhoot.com2026 All Rights reserved.