Porting my mortgage on much lower salary

[badgerread]

I think I know the answer to this but would like your valid opinions please.

I have a property that I've been offered £454,000 on, I want to purchase a property at £406,500, my mortgage is £195,500 with Natwest. I remortgaged (after my 2 year fixed ended with them) with in January when my salary was £38,500. Since February my salary has been £25,000.

I have to have a call with Natwest tomorrow to go through my affordability to see whether I can port my mortgage to the new property (paying off a lump sum of £40k as well) but I don't think I'm going to be able to borrow the amount I need due to my current salary (even though I've been paying a £195,500 mortgage since February on this salary)

What do you think the likelihood is that I'm going to be able to port? do they take into consideration that I've been paying all this time on the lower salary or is it based solely on income?

It's usually affordability but do they even do checks if you're just porting with the same lender?

Money Saving Expert has a talk forum with a Mortgage's section. There are lots of brokers on there who will be able to give you an answer quickly.

I've just ported with Yorkshire building society and yes they still do all the checks. I was slightly worried as I've reduced my hours and gone part time but I just about scraped what I needed. If you use their calculator online for guidance on affordability that should give you an idea.

I can tel younthey don’t consider the fact that you’ve paid your mortgage for months with no problems. I had similar issue when moved from renting to buying. I had paid rent for 10 years at £800 pm, but my affordability came out well below that when I went through a mortgage application. Bizarre why they won’t take that into account tbh.

Your mortgage is circa 8x your annual salary, I'd be surprised if they'd lend tbh.

My friend ported her mortgage to another property, didn't borrow anything extra, but the bank did tell her that it was borderline even to be able to move it, because her DH's salary had halved since the mortgage was taken out.

They don't usually take into account the fact that you have been making payments without any problems :(