We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Mortgage Before First Job
2ran
Posts: 30 Forumite
I'm currently a student at uni but I have my job lined up for when I graduate. How long into my job do I need to wait before applying for a mortgage. I will be on a permanent contract.
I also have a deposit already saved up of around 25% of the price I will be buying the property for (The property is worth more than I will be buying it for). I have a credit card which I pay off in full each month and no other debts.
I also have a deposit already saved up of around 25% of the price I will be buying the property for (The property is worth more than I will be buying it for). I have a credit card which I pay off in full each month and no other debts.
0
Comments
-
Potentially just a letter of employment will be enough, some lenders will want to see 1 payslips. Others will need between 3-12 months. It really depends on the lender.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
-
I have a letter of employment and a contract are their any particular mortgage lenders who only need to see these.0
-
Nationwide will accept a letter from your employer and may seek to contact your employer for a reference. There are other lenders with similar policies0
-
I applied for my first mortgage 3 months into my first job and had no problems, they only required one pay slip. This was with Nationwide. Every lender is different, I know Coventry building society wanted 12 months pay slips so they were a no go.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards