How long?

Jaybo10

Thank you in advance for having a look!

We are 1st time buyers and we have been saving to achieve a deposit of 15% on a property up to about £360k (London, gah!).

As you can imagine we are trying to put ourselves in the best place to achieve the best a rate as possible (nothing overdrawn, no missed payments, good record in managing credit, and save save save!)

However, in September my OH lost his job. Thankfully he started a new job earlier this week but I'd like to know how this is going to affect our ability to access the best rates?

I know some lenders value length of employment more or less then others but I'd like to get a rough idea of what would be the minimum length of employment time to get a good rate so we can start putting a plan in place for the coming year.

With our savings back on track we should be in a position to buy around August 2013 but is this enough time and are there some lenders to avoid?

Many thanks for your help.

opinions4u

Difficult to say.

Credit scoring systems favour longer periods in employment but this doesn't ean you can't get a mortgage a month after starting work.

Keep on saving. Pay the bills on time. Be registered to vote. Perhaps the first named applicant should have the longest time with employer.

Jaybo10

Thanks O4U,

I am hoping at least 6 month in employment will be enough to access the best deals