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Mortgage in probation period
pd7333
Posts: 11 Forumite
Hi
My wife and I are looking to secure a 95% mortgage, either with help to buy or a 95% lender such as Leeds BS - as long as we dont not go over the 5.19% rate or £900 pcm whichever is greater.
Problem being is we are both in probation periods in our jobs and will be until Feb next year. We have found a house we like and have a 10-15k deposit which equates to roughly 5-6% deposit on the house price in question. NatWest accepted for us a mortgage but could not offer it until we are both out of probation.
Are there lenders out there that will offer a 95% mortgage (or hsl for help to buy) whilst in probation?
*The only other threads relating to this matter are dated 2006 so thought they would no longer be relevant
Many Thanks
My wife and I are looking to secure a 95% mortgage, either with help to buy or a 95% lender such as Leeds BS - as long as we dont not go over the 5.19% rate or £900 pcm whichever is greater.
Problem being is we are both in probation periods in our jobs and will be until Feb next year. We have found a house we like and have a 10-15k deposit which equates to roughly 5-6% deposit on the house price in question. NatWest accepted for us a mortgage but could not offer it until we are both out of probation.
Are there lenders out there that will offer a 95% mortgage (or hsl for help to buy) whilst in probation?
*The only other threads relating to this matter are dated 2006 so thought they would no longer be relevant
Many Thanks
0
Comments
-
Ok - so I now know that Yorkshire need you to be working for at least 6 months and out of probation.
Natwest need you to be out of probation OR have a fulltime contract that DOESN'T mention a probation period.0
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