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New employer & mortgage chances -Advice please
lmh2000
Posts: 6 Forumite
Hi all
We've had an offer on a SO property accepted but I'm concerned I won't get the mortgage as I've just started a 'new' job.
I was employed by a company for over 5 years but left in Sept 2012 for a different company but have just re-joined (beginning of November)
I have a DIP from Oct 2013 based on my previous employment but I have adjusted the share I will be buying so will need to start my application from scratch.
Can anyone advise me what my chances are of getting an offer or how i can improve my chances. LTV is 90% & I do have a 6 month probationary period in my contract even though I am a returnee, current lender I've been dealing with is Leeds BS. I Have a consistent employment record and a high credit score with Experian.
Any help appreciated
We've had an offer on a SO property accepted but I'm concerned I won't get the mortgage as I've just started a 'new' job.
I was employed by a company for over 5 years but left in Sept 2012 for a different company but have just re-joined (beginning of November)
I have a DIP from Oct 2013 based on my previous employment but I have adjusted the share I will be buying so will need to start my application from scratch.
Can anyone advise me what my chances are of getting an offer or how i can improve my chances. LTV is 90% & I do have a 6 month probationary period in my contract even though I am a returnee, current lender I've been dealing with is Leeds BS. I Have a consistent employment record and a high credit score with Experian.
Any help appreciated
0
Comments
-
According to leeds:
Applicants must:
Be in permanent full or part-time employment.
Have been in employment continuously for the last 6 months (including the
probationary period).
http://www.leedsbuildingsociety.co.uk/introducers/pdf/standard-intermediary-lending-criteria.pdf
Looks like you should be ok as it says continuous employment, it doesnt say in current job or with current employer.I am a Mortgage AdviserYou 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 -
That's great, I did read that criteria but mis-read it as meaning with current employer which as you say it doesn't mention. Fingers crossed I get the offer.0
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