how is a mortgage worked out re: earnings?

bubbles4920 | 14:39 Mon 14th Aug 2006 | Business & Finance

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we are planning to move house and i have resigned from work. will they just take my hubby's earnings into consideration. the mortgage we have now was based on our joint earnings. if we continue with the same mortgage people, can we continue that same amount borrowed. they dont know that i no longer work. this is obviously reducing our buying potential and we would have to downsize. any help appreciated!

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bubbles4920

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sorry, continuation from before. we have a fixed mortgage until march 07. if we change before then, there is a penalty. if we however stick with the same mortgage company but want a lower or higher borrowing from them , is this classed as changing the mortgage we already have??

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