Mortgage changes on single income

[meehaja]

Good evening all knowing pistonheads!

We were planning to remortgage our house next month as value has risen quite a bit and our loan to value is now such that we can take some money out to make improvements and still pay less a month over the same term. However, my wife has just quit her job with no new job to go to and no plans to work again soon (mental health issues).

My Salary has gone up slightly but nothing like our joint income was.

I'm under the impression that no lender will touch us while she's out of work (or at least offer us what we want at the cost we want), will it make a difference?

For reference, house was bought for £150k, now worth £200k, 10% deposit, joint salary was £55k ish, will now be £34k.

[meehaja]

Thanks all, that pretty much confirms what I thought. I"ll let it trundle on for a bit and hope mrs meehaja decides to get a job soon!