Applying for mortgage and new job at same time

madeupname1

I am applying for a re-mortgage. Initial interview indicates that I would be accepted, but it is subject to valuation etc. I can apply for it now and draw it down in six months when my current fix ends. Its a very good deal so I don't want to risk it not being available later. There is, however, a hefty arrangement fee which I haven't yet paid but need to pay to guarantee the offer. Once paid, I don't think it is refundable.

Anyway, I am also thinking about applying for a new job. The company I am thinking about applying to is looking for people. Its a specialised field but I cannot be sure that I am what they want. The new job comes with a 3 - 6 month probabationary period. I want to apply because it wouldn't surprise me if the company I am currently working for announced a redundancy programme. That said, nothing formal, or informal, has been said so who knows.

Would moving jobs prior to drawing down the mortgage automatically kill the mortgage offer or would they take into account surrounding circumstances?

MRG

Can the arrangement fee be added to the loan? This would mean that if it couldn't go through for any reason you wouldn't lose the whole fee maybe just some other smaller fees that sometimes have to be paid upfront when you apply.

Is this a remortgage deal from your current provider?

A lender will generally only do the checks on employment and income at application stage.

madeupname1

MRG wrote: »

Can the arrangement fee be added to the loan? This would mean that if it couldn't go through for any reason you wouldn't lose the whole fee maybe just some other smaller fees that sometimes have to be paid upfront when you apply.

Is this a remortgage deal from your current provider?

A lender will generally only do the checks on employment and income at application stage.

Thank you. Good idea about added fee to the loan - I will look into it. The valuation fee is definately payable but no problem there.

The remortgage isn't with the current provider. I can supply current employment details now no problem. Its just that I assume that I have an obligation to inform the mortgage provider if between now and drawdown I change employment.