Hopefully an easy question, end of current fixed term is coming up and it’ll be time to sort out a new mortgage.
In the time since we last discussed this my wife has stopped working full-time and is now temping or working for herself, but not earning a significant amount.
Our mortgage is approximately a quarter of my income a month, so affording it isn’t a problem. We also have money aside to cover it should I be out of work for a prolonged period.
So when it comes to remortgage, do we declare her change in employment, do I drop her from the mortgage to make the paperwork easier, or do I just keep quiet and carry on? If I do keep quiet what are the problems related to this?
Any advice greatly appreciated.