If one partner in a joint mortgage becomes unemployed, it can be a challenging situation.
Mortgage lenders consider the total income of all applicants when deciding how much to lend. If one partner loses their income, this can affect the ability to meet mortgage repayments. If you find yourself unable to meet your monthly repayments, it's important to contact your lender immediately to discuss your options.
Lenders may be able to offer payment holidays, extend the mortgage term to lower monthly payments or switch you to interest-only payments for a period. However, all these options may increase the total amount you repay over time. If you have insurance policies like income protection or mortgage payment protection, you may be able to claim on these to help with your repayments.