Finally got my perminant contract! What happens now...?!

Jlt_1810

So I've finally got taken on permanently by my employers after being in the same role since September last year. My partner and i have the deposit sorted and are now both in full time employment.

My question is how will the lenders see this? I know lenders require 3 months payslips as a minimum, but having been employed by an agency up til now I'm concerned they will view my new contract as a change of employment...

I have been doing the same job at the same company but only from now will this company show on my payslips. Will we still be in with a chance of being accepted for a mortgage keeping in mind our deposit is at least 20% of the value of properties we are looking at?

Any advice would be great.

kingstreet

Some lenders need six months payslips, some three, some one and some will work from your contract and/or an employer's reference.

Caladan

kingstreet wrote: »

Some lenders need six months payslips, some three, some one and some will work from your contract and/or an employer's reference.

This ^

Depends entirely on who you go with. In my own experience with the company I work for a contract/confirmation of your basic salary from your employer/confirmation you aren't on probation anymore is enough as long as the company is comfortable the information is correct.

My question is this though - Why would it matter? Assuming your post-probation pay is the same as before or higher then surely you can still provide 3/6 months payslips supported by confirmation you're no longer on probation?

Jlt_1810

I'm worried it could be a problem as the company name on my payslips had now changed.

Building_Surveyor

Well there's only one way to find out... You could be worrying for nothing. Ask the lender.

Jlt_1810

Appointment is booked for Saturday going to go armed with payslips and cover notes from both employers confirming I have been at the same job since sept last year, hopefully that will be ok!

easilydistracted

I started in my job on the 3rd of June, having done agency work for the same place before and a long history in the same sector. We were given an AIP within June and now have full mortgage offer (although sadly problems with the purchase may effect us progressing). This is with Halifax at high LTV of 90%. Nationwide also seemed an option from my research. Good luck!

Jlt_1810

Thanks Easilydiatracted! That Gives me a bit of hope! Our appointment is at halifax tomorrow so fingers crossed!