Newish job and getting a Mortgage

froggy_girl128

How long do you have to be in a new job before getting a mortgage, how do they prove income (bank statements or payslips?) also is a letter from my employer stating my contract any help?

thanks

hcb42

Generally three months payslips, and matching bank statements.

They may dislike probation periods.

That said, it is possible to get a mortgage one month in, but just depends on the whole set of circumsntances.

Person_one

Depends on the job, the lender and your other 'risk factors'

With a decent deposit and a good credit score I got a mortgage while I was technically unemployed but due to start a new job in a few weeks. Luckily there was no probation period and payroll were happy to confirm my future income.

Generally, you'll need to have a permanent contract and be out of any probation period, if you only have a 10% deposit or you're a first time buyer you may have to wait until you've been in the job up to 6 months.

StephenM_2

I completed on my first mortgage about 6 weeks after relocating and starting a new job. It was 100%.

But that was back in 1984. Things may have changed