FTB Query

mra12345

Hi,

I have had a mortgage approved by Clydesdale Bank in principle for up to 90k. I currently earn 27k plus bonus.

I have agreed to buy a property for 83k, which I want to proceed with.

However, I have just handed my notice in with my current employer (3+ years) due to taking up another job offer (same industry) on 30k in the same part of the country where the house I want to buy is located.

My question is, will further checks be done with my employer at the underwriting stage? Will I pass these as I will be with my employer for another 4 weeks notice period? Should I inform the mortgage company that I have a new job?

Bit unsure of all of this as its my first time.

Thanks

liubeliu

The processing dept and/or underwriter may need to see an employers reference, at this stage your current employer cannot confirm the employment is secure statement (i.e. no impending redundencies)

TrickyDicky

How much deposit do you have?

mra12345

Hi,

I am only putting down a 5% deposit due to the small amount of mortgage approx 80k. I have already handed in my previous years P60, 6 months wage slips, bank statements showing funding and current account, along with proof of ID/address. I have passed their credit checks etc to obtain an offer in principle but wondered if anything further is looked at once a full application is made.

Thanks

mra12345

bump bump bump

Gazumped_2

Bump, as I am in a similar situation.