New Job & Mortgage Eligibility

Roy1234

The new year’s almost upon us, and with it there may be a chance of my getting a modest promotion at work. It’d be a small move within the same Company (and same office even) where I've worked for over 20 years. Our credit rating & finances are pretty good, and neither I nor my long term employed partner would normally expect much trouble raising a mortgage for £30k (under 25% LTV, over 10 to 15 years) if we move house next year.

Depending on how my employer treated any promotion, and when we're finally ready to move, I could find myself raising the mortgage either during, or soon after a 6 month probationary period.

My question is, would this job move jeopardise an otherwise low risk joint mortgage application?

Dave_Ham

I would expect this to be fine, although a couple of the more strict lenders may have a slight issue if on probation.

Still expect you to have no issues though.

All the best

HappyMJ

Is the promotion probationary and you could go back to your original role if it doesn't work out?

I just woudn't bother mentioning it. You've been there for quite a while.

Roy1234

Is the promotion probationary and you could go back to your original role if it doesn't work out?

I don't really know at present. But based on both your advice, it sounds probably best if I gloss over this fact.

Cheers,

Roy1234