Mortgage Offer - Question about conditions

Cuddlybearman

Hi - so finally mortgage offer letter came today and it had a load of conditions with it (apparently this is normal though for solicitors, etc, etc)

However it had one condition that I wondered if anyone has any feedback on:

The have said that they will do employment check on my wife with the NHS. She has been a nurse for 3 years and worked at the NHS for 8 months.

They haven't asked for this for me but they have already had a copy of my contract and probation completion letter but never asked this for her originally.

Does anyone know what this letter asks - there is nothing dodgy or anything but I'm a little bit concerned that they may refer to her promotion as a "secondment" (which it is but her boss has already told her that the job is hers - just a formality until May)

The bank knew about the promotion, and the third of the three payslips showed a clear printed increase in salary and the higher amount is what they based all the lending on. They never asked about anything else. Also they really looked at everything carefully as they originally were going to lend me £10K less than I needed but on review or both our jobs they decided they would lend us what we needed.

Am I worrying about nothing??? I just want to jump for joy and be happy but this condition has got me fretting a bit.

Sorry but I just always expect banks to do something horrible - never nice.

Thrugelmir

Cuddlybearman wrote: »

I'm a little bit concerned that they may refer to her promotion as a "secondment" (which it is but her boss has already told her that the job is hers - just a formality until May)

You need to be very clear. As a secondment is temporary. Not permanent.

Secondments in larger organisations are often used to cover roles where someone is off on long term sick for example. During the period of secondment pay is increased to the grade level of the role.

There is no certainty of this being permanent. Hence why the lender may be requesting clarification.

Cuddlybearman

Thrugelmir wrote: »

You need to be very clear. As a secondment is temporary. Not permanent.

Secondments in larger organisations are often used to cover roles where someone is off on long term sick for example. During the period of secondment pay is increased to the grade level of the role.

There is no certainty of this being permanent. Hence why the lender may be requesting clarification.

As much as your posts are always informative (albeit generally a bit pessimistic!) I'm not sure if you have the gist of what I'm asking.

I understand your point, but in business nowadays every new job is on "secondment" . No one moves into a permenant position anymore but what I was asking was with this employment checks do they actually get down to that detail. She is still in a "permenant" job - only the role is secondment.

The bank were very clearly told about the promotion and subsequent payrise - they can see for themselves on the payslips but never asked for anymore info. I don't think that on this tightrope of mortgage applications offering more information that what is asked for is just making things a lot more difficult.

My situation for example, they are not doing an employment check for me as they have seen my contract and probation completion letter - but for all they know I could be on secondment in a new role?? They haven't asked anything around that.

I just wanted to know if anyone knows if an employment check (let's remember they have issued a formal offer letter now) is just basics or if it goes into detail such as "is this person in a temporary role, etc"

Cheers

Thrugelmir

Cuddlybearman wrote: »

I understand your point, but in business nowadays every new job is on "secondment" .

Then our interpretation of secondment differs.

What's at issue is the permancy of the payrise.

(albeit generally a bit pessimistic!)

I have worked in variety of finance roles rather than pursuing a sales career. Dealing with finance related issues day in day out hardens you up.

Yorkie1

Cuddlybearman wrote: »

I understand your point, but in business nowadays every new job is on "secondment" . No one moves into a permenant position anymore but what I was asking was with this employment checks do they actually get down to that detail. She is still in a "permenant" job - only the role is secondment.

The terminology you are using is not in line with the standard terminology that is used in the public sector.

When an individual first joins the public sector, it is usually a permanent job but you are on "probation" for a set period - usually 3 or 6 months. This period relates to performance and attendance and, if successfully passed, means you remain in your job.

A "secondment" is a move from your existing job to another job for what is usually a fixed period. Usually either to develop your skills in a different role, or for the destination employer / team to benefit from your specialist skills. It can be at your present or a different grade.

A "temporary promotion" (often referred to as 'acting-up') is usually for a fixed period, to cover a particular project or other absence e.g. maternity leave. It does not usually attract a probationary period in the public sector.

A "promotion" is a permanent move to a different job and again rarely brings probation with it.

Which scenario relates to your wife?

Cuddlybearman

Yorkie1 wrote: »

The terminology you are using is not in line with the standard terminology that is used in the public sector.

When an individual first joins the public sector, it is usually a permanent job but you are on "probation" for a set period - usually 3 or 6 months. This period relates to performance and attendance and, if successfully passed, means you remain in your job.

A "secondment" is a move from your existing job to another job for what is usually a fixed period. Usually either to develop your skills in a different role, or for the destination employer / team to benefit from your specialist skills. It can be at your present or a different grade.

A "temporary promotion" (often referred to as 'acting-up') is usually for a fixed period, to cover a particular project or other absence e.g. maternity leave. It does not usually attract a probationary period in the public sector.

A "promotion" is a permanent move to a different job and again rarely brings probation with it.

Which scenario relates to your wife?

Well just for info - she is actually on "acting-up" and her NHS trust doesnt even implement probation.

But anyway, we found out it was just a check to make sure that we were actually employed when we made the application and are still employed now.

Had the email today that that condition is satisfied - so that is it!!

There,s nothing else that I can do or need to do to affect the mortgage now. Solciitor is full steam ahead to get everything done as we and the vendor would both like to complete on April 3rd!!!

Yah! - only taken 7 years and 4 attempts but we're finally there!!:rotfl: