Inform present mortgage provider I am going contracting?

[dangly]

Just about to sign a contract for my first gig (and resign my current permie job) and had a sudden panic - do I need to tell my current mortgage provider that I will be contracting?

I will be working through my own Ltd, my take-home will easily cover my current outgoings (plus a bit) so not concerned about making the mortgage payments.

So, to cut a long story short, do I need to tell 'em, or should it just be something I need to worry about when the current offer comes to an end and I'm looking for a new mortgage?

Thanks.

[NotAllThere]

If you'd got another permie job would you have told them? That's all your doing now - moving to another permie job, working as a consultant for your employer. You just happen to also own the company that's employing you.

It may become relevant if you come to take out a new mortgage. Then they may want to see your company's income.

[TheFaQQer]

I didn't.

If you fall behind in the payments, they might be interested and tell you you should have told them. Otherwise, they won't care.

[dangly]

Thanks Gents, thought that would be answer, but just wanted a second opinion.

Many thanks for the help!

[MikeC1408]

As long as your keeping up the payments they won't be bothered.