Cashback Remortgages · Remortgaging
Remortgaging Around Parental Leave
Remortgaging during or around parental leave is possible, but lenders assess your income position carefully. Planning the timing and evidence helps.
How lenders view it
Lenders may ask about your return-to-work plans and use your contracted income, sometimes with confirmation from your employer. Approaches differ, so some lenders are more accommodating than others.
Staying with your current lender via a product transfer can avoid a fresh full income assessment.
Plan the timing
If a full remortgage is harder during leave, you might time it around your return or use a product transfer in the meantime. Advice helps match your situation to suitable lenders.
Sources and further reading
General mortgage information, not a personal recommendation. Lender criteria and scheme rules can change. Ask an adviser about your circumstances and a solicitor or tax adviser about legal or tax questions. Your home may be repossessed if you do not keep up repayments on your mortgage. Most buy-to-let mortgages are not regulated by the FCA.
Discuss the next step for your mortgage
Understand your options before you make a decision.