How long do you need to be with an employer for?

flutterbyuk25

Hey all,

I changed employer this year. Started new job at beginning of Feb. Prior to this I had been in my last job 5 years. I had a pay rise in my new job.

I want to start looking into buying a property (FTB) and wondered how long I should be with this employer before I start looking at mortgages? Does the amount of time make much difference?

Also I have been emergency taxed since Oct in error, will this affect anything mortgage wise as my monthly pay is less that it should be?

Many thanks in advance

x

devon_guy

Either 6 months or out of probation period I would think.

ollyfarrow

I just spoke to HSBC about this regarding my gf who has worked at her new place for 6 weeks.

They told me that if her company writes a letter stating that she is not on a probationary period and that her job is safe, we are good to go.

If you are on a probationary period then it is a definite no
.

ollyfarrow

Also they said that if she is in a probationary period, three payslips (monthly) will do the job.

flutterbyuk25

Thanks all.

I finish my probationary period next month, so will start looking then.

x

koexelek

The longer you have been in a job, the better your credit score will be.

As long as you have been in continuous employment and are now permanent in the new job, you should be fine though