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How Would Possible New Job Affect Mortgage Application?
westv
Posts: 6,594 Forumite
There is a possibility that I may be made redundant at the end of the year. On the plus side I will end up with a deposit (previous house sale proceeds + redundancy) of around £100,000 but on the negative side I know I won't be able to get a mortgage until re-employed again. I have had an account with HSBC for some years and did consider using them for my mortgage application. Does anybody know how long I will need to be employed at any new company before I can approach HSBC for a mortgage? I currently have no debt and would look to borrow no more than 50% LTV.
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Comments
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Probably 6 months.Act in haste, repent at leisure.
dunstonh wrote:Its a serious financial transaction and one of the biggest things you will ever buy. So, stop treating it like buying an ipod.0 -
Ok thanks. I was thinking it might be that long as I guess they need to be certain that I'm out of any probationary period.0
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