Just a quick question. I am planning to apply for a top-up loan with my existing lender. Initially when the original Mortgage was taken I was in the permanent job and now that 'am contracting at the moment(Same industry sector), will I be declined the Top-up loan.
If you can provide evidence of the existing contract and how long it may be , you'll probably be ok, especially if your employment is in the IT sector.
Assuming the contract salary is strong enough to cover the top up loan and you can provide evidence of 3 years full employment history.
Depends also on the overall strength of the case eg good savings , good current accounts , perfect credit history etc...