We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Question about Guarantor Mortgages

first_time_buyer_1981
first_time_buyer_1981 Posts: 2 Newbie
in Mortgages & endowments
Hi All

I am a first time buyer and was wondering if anyone knew the answer to the below.

I am just moving jobs at the moment (bigger Salary so won't effect income multipliers) but was wondering what this means when applying for a mortgage - do I have to wait a certain amount of time before I will be eligible to apply for one?

If so is it possible to get a guarantor and what are the implications by way of fees etc with this?

Thanks

Comments

  • Dave_Ham
    Dave_Ham Posts: 6,045 Forumite
    Tenth Anniversary Combo Breaker
    Do not worry about the guarantor part, this should be fine.

    So long as you are moving to a permanent position and in a similar job role/industry; most lenders are happy with this.

    Good luck
    I am a Mortgage Broker
    You should note that this site doesn't check my status as a Mortgage Broker, 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.
  • first_time_buyer_1981
    first_time_buyer_1981 Posts: 2 Newbie
    Thanks Dave - that is a massive weight of my mind. Last I look HSBC seemed to have the best fixed rate option -any others I should be looking out for?

    Many Thanks

    Christian
  • Dave_Ham
    Dave_Ham Posts: 6,045 Forumite
    Tenth Anniversary Combo Breaker
    It is good - search HSBC mortgage in the top right search forum bar and see if it still looks as appealing.,
    I am a Mortgage Broker
    You should note that this site doesn't check my status as a Mortgage Broker, 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.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.5K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.5K Spending & Discounts
  • 245.5K Work, Benefits & Business
  • 601.4K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture