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Is it possible to get a mortgage without 2 years on the job?
BrettMorganxD
Posts: 2,048 Forumite
I am just wondering this as what about people who study for 3 years (nursing so assume no loan debt) then go into that proffesion and want a mortgage a year later?
Could someone get a mortgage despite not being employed by the same company for two years.
Could someone get a mortgage despite not being employed by the same company for two years.
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you could get a mortgage before you even start in some cases. Where did you get 2 years employed from?I am a Mortgage Adviser
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.0 -
you could get a mortgage before you even start in some cases. Where did you get 2 years employed from?
The bloke down the pub?;)I am a mortgage adviser.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.0 -
The bloke down the pub?;)
Woah, are you local to me?
Or does Bloke down the pub travel????I am a Mortgage Adviser
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.0 -
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You produce your offer/contract and a confirmed start date.
For those who have started work, there are lenders who will ignore any probationary period.I 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 -
The lender would likely insist on completion being after your start date at work. Never actually done one, but know the criteria.
If you have your contract you can make a case for the mortgage, simple as that.I am a Mortgage Adviser
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.0 -
kingstreet wrote: »You produce your offer/contract and a confirmed start date.
For those who have started work, there are lenders who will ignore any probationary period.
Do you mean they won't let you during probationary period? or that they don't care that you are on a probationary period.
To be fair I don't want a mortgage yet, but my profession has always been care work, which is the safest employment atm.0 -
The lender would likely insist on completion being after your start date at work. Never actually done one, but know the criteria.
If you have your contract you can make a case for the mortgage, simple as that.
Not necessarily, I have done a couple where the mortgage started before their jobs started.I am a mortgage adviser.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.0 -
Not necessarily, I have done a couple where the mortgage started before their jobs started.
Really? I thought mortgage providers would ATLEAST insist on probation completion for job security. Seeing as in the first 1-2 years (whichever it is now) they could just get rid of you.
So technically I would have a chance of obtaining a mortgage if I had only been in a job 3 month - 1 year.0 -
BrettMorganxD wrote: »Really? I thought mortgage providers would ATLEAST insist on probation completion for job security. Seeing as in the first 1-2 years (whichever it is now) they could just get rid of you.
So technically I would have a chance of obtaining a mortgage if I had only been in a job 3 month - 1 year.
Yes, although as Betmunch says, if you have been unemployed previously, they may insist on you actually starting work first.I am a mortgage adviser.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.0
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