Mortgage with time at current employer 2 weeks?

CautiousWithMoney

After having found the perfect house (on at 141k, current MAX I can go to is 126k) I may just not be able to afford it on my own (Plan A) so can any kind people share a list of lenders who will consider adding my girlfriend to the mortgage (she would have been put on it at a later date anyway) when she has only been working for 2 weeks at the NHS? Her job term is open-ended and worst case scenario I could afford all bills on just my salary if she didn't pass the probation.

I'd love to start making offers so urgent replies would be most welcome!

casualwalks

What's your salary?

What size deposit do you have?

Any debts/loans?

kingstreet

Halifax, if you pass the credit score.

Probation

If a client is part of an employee probationary period then key ‘probationary’ as the contract type and subject to an accept result at DIP/full application we can proceed.

HTH

kingstreet

Nationwide's is a bit ambiguous;-

Probationary Employment
Proof of income for applicants who are in a probationary period can be from a Letter of Appointment or an employer's reference.

CautiousWithMoney

casualwalks wrote: »

What's your salary?

What size deposit do you have?

Any debts/loans?

My salary is £22,200 and I managed to get an AIP a while ago for a £100,000 mortgage (yes it's affordable, so don't worry ) to add to the £25k deposit I have. Fortunately, £20k of that will be gifted from my Dad.

I have about £1k on a 0% interest credit card, which I might clear soon to allow me to borrow more on a mortgage. Is this advisable even though it is on 0% APR for over a year.

I have a good credit rating and no other debts, never go into overdraft etc. My girlfriend has about £7k of debt, however, but a clean record as she always meets payments. Putting her on the mortgage as well will bump it up enough should we have to offer up to £130 (what our limit is for offering on this house)

kingstreet

CautiousWithMoney wrote: »

My salary is £22,200 and I managed to get an AIP a while ago for a £100,000 mortgage (yes it's affordable, so don't worry ) to add to the £25k deposit I have. Fortunately, £20k of that will be gifted from my Dad.

I have about £1k on a 0% interest credit card, which I might clear soon to allow me to borrow more on a mortgage. Is this advisable even though it is on 0% APR for over a year

No. It's pointless. At that level you're probably only talking about an extra £1,000.

I have a good credit rating and no other debts, never go into overdraft etc. My girlfriend has about £7k of debt, however, but a clean record as she always meets payments. Putting her on the mortgage as well will bump it up enough should we have to offer up to £130 (what our limit is for offering on this house)

Sounds like you'll be fine.

CautiousWithMoney

kingstreet wrote: »

No. It's pointless. At that level you're probably only talking about an extra £1,000.

Just doing the Yorkshire's borrowing calculator and without this minimum payment I can borrow 4k more! So looks like paying it off might be prudent...

kingstreet wrote: »

Sounds like you'll be fine.

Looks like Yorkshire will lend me enough on my own :T Now I'm trying to decide between a 3 year or 5 year fix. We are planning on staying there a while so the security of the 5 might tip the scales.

I hope Yorkshire are alright wth gifted deposits?

kingstreet

A £30 per month minimum payment gives you £4000 more? That's astonishing.

CautiousWithMoney

Yup. Unfortunately YBS have referred my AIP application and after ringing them the guy seems to think that all the credit cards I have will have half the available credit taken off the amount they will lend me

I have 4 cards at the moment (all had their specific uses and were cleared in full every month) so being credit-card savvy might bite me in the bum!