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After returning from Mat leave.........
AA_FLOWER
Posts: 1 Newbie
How many months of my full time payslips is usually requested when applying for a new mortgage?
We plan on moving house when I return from Maternity Leave, but I imagine that I would be expected to have shown several months of being back to my full time employment before my income is considered by a lender in addition to my husbands.
Many thanks,
Lou
We plan on moving house when I return from Maternity Leave, but I imagine that I would be expected to have shown several months of being back to my full time employment before my income is considered by a lender in addition to my husbands.
Many thanks,
Lou
0
Comments
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Most lenders will just accept confirmation from you/your employer that you will be returning to work, and what the pay is, possibly a payslip from before you went off to confirm if going back on the same terms.
Certainly shouldn't be a problem.I am a mortgage adviser.You should note that this site doesn't check my status as a Mortgage Adviser, 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.0 -
I had a years mat leave then a year long sabbatical and the lender we go our mortgage with was happy to accept my old payslips and a letter from HR saying I was going back. Sadly the sale fell through for other reasons but the mortgage wasn't an issue.Earn £2015 in 2015: £13:33/20150
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Nearly all the lenders currently accept confirmation from the employer of the return to work date and salary.
They will of course factor in childcare costs on return to work.
The clients we have issues with seem to be the self-employed on 'maternity leave' where lenders attitudes seem to be quite frankly outrageous.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.0
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