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Moving jobs - will it affect mortgage application?
fatpigeon_2
Posts: 66 Forumite
Hi
I know there is a minimum amount of time you need to be in a new job before you can get a mortgage - does anyone know how long it is please? I had 3 months in my head but maybe it varies from provider to provider?
Thanks in advance
I know there is a minimum amount of time you need to be in a new job before you can get a mortgage - does anyone know how long it is please? I had 3 months in my head but maybe it varies from provider to provider?
Thanks in advance
0
Comments
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Does anyone know please?0
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Generally there is no minimum, but it could cause rejections for some providers, or affect the rates you can get. I got my mortgage after myself and my partner were in jobs for about 4-5 months but were told, by the broker, that we might have been able to achieve better rates if we'd been there 1+ year.0
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It varies with the different lenders.
Me and my boyfriend had been in our jobs for about a month when we got our mortgage with Santander last year. We went through a broker who looked for mortgages with '0 months in current job' in the terms, to avoid any problems. We did have to provide a copy of our contracts and I had one payslip to show them.0 -
Thanks, that's helpful.0
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I knew I'd replied to this thread before;-
https://forums.moneysavingexpert.com/discussion/comment/44162646#Comment_44162646I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Oh no, duplicate threads - sorry! Must've clicked twice.
MODS - Please could you join the threads?0
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