redundancy, property sold, new mortgage query

newdirection_2

Hi there,

This is my first time posting here, many thanks in advance for any insights/advice anyone can offer please.

I've recently sold my property and will make a good profit (approx. £35-40K, after the usual deductions). Missives concluded last week.

I'm being made redundant next month, but will receive a good payout (year's salary, but enhanced = £28K).

Prior to redundancy announcement, my partner and I had hoped to buy a new home together next year. My partner is in full time employment.

Obvious obstacle to us doing anything at the moment is my impending redundancy. My partner also has a number of debts he is repaying (in region of £12K).

I've always worked, and am desperately trying to find another job as soon as I can. However any mortgage provider will want me to have passed through a probationary period surely?

What options do we have - if any - for trying to find a home for ourselves? We are staying with family until we can feel confident about looking for a home, hopefully when I have found a new job.

Sorry if any of this is unclear. I am just out of my mind with worry.

Thank you.

kingstreet

There are lenders who'll accept an application from someone who has a job offer, or is in a probationary period, so you should have options.

In the meantime, you'd only get your partner's income taken into account if you apply now.

newdirection_2

Thank you kingstreet, this is good to know that there are some lenders out there who would accept an application as you describe.

Redundancy has been a huge shock, but the quicker I can find new work, the better.