Remortgaging having just changed jobs - Will anyone lend whilst on probabtion?

redant67

Our property has been for sale for some time and we have just received an acceptable offer, however I have just moved jobs (within the last month) and am currently working a 3-month probationary period.
Despite having more than 25 years of unbroken employment and no mortgage payment issues ever, my current lender will not lend until I have been at the new company for 6 months.
I do not believe that our buyers will wait that long and so i need to know if anyone else will lend based on my circumstances.
It would be a joint mortgage and my wife is also in unchanged permanent employment.
Any advice will be gratefully received.
Thanks

herbiesjp

Yes.

There are lenders that will agree based on either still being in probation, or a lengthy continuous period of employment.

So you should have options provided you meet other criteria.

kingstreet

Halifax instruction in its online intermediary criteria;-

Probation

A passes below 85% LTV - nothing required.

All B & C passes - if client is on probation, intermediary to obtain written confirmation from employer that job is permanent and end date of probation period.

If Halifax will do it, there's bound to be more.

madmish00

I believe Nationwide will aswell.

I spoke to a mortgage advisor in branch when we first put our house on the market as I was fed up in my current job and was looking elsewhere and wanted to check whether it would be problem. I was told similar to what it says in Halifax terms - that as long as it is a permanent position they would just need a reference from the employer.