Posted Date: 12/11/2025
A change in income, such as a recent pay rise, can be a good time to review your mortgage options. While many homeowners think about remortgaging only when their deal ends, an increase in earnings may also open new opportunities.
Why It Matters
When your income increases, lenders may reassess your affordability and the amount you could borrow. This might allow you to secure a product that better fits your current financial situation, reduce your mortgage term, or adjust your payments. However, any decision should be based on careful consideration of your overall circumstances.
Moving Forward
If you’ve recently had a pay rise, it may be worth reviewing your mortgage to see if a remortgage could suit your updated situation. Understanding how lenders view income changes helps you plan ahead and make informed choices.
At Muuvin Mortgages & Protection, we offer a no-obligation call to review your mortgage and discuss whether remortgaging could be suitable for your needs. You can also view more information about remortgaging on our dedicated page: Remortgaging.
Can I remortgage at any time?
You can, but it’s important to check for any early repayment charges on your current deal.
Will lenders need proof of my new income?
Yes, most will require recent payslips or other documentation confirming the change.
Does a pay rise always mean I can borrow more?
Not necessarily, it depends on your other financial commitments and lender criteria.
Disclaimer
Your home may be repossessed if you do not keep up repayments on your mortgage.
This article is for general information only and should not be taken as advice. Mortgage applications are subject to status and lender criteria. The information provided is correct as of the date it was posted and may be subject to change without notice.
