We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
How Would Possible New Job Affect Mortgage Application?
westv
Posts: 6,489 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.
0
Comments
-
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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards