Mortgage Before First Job

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.

Comments

  • ACG
    ACG Posts: 24,439 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    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 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.
  • 2ran
    2ran Posts: 30 Forumite
    Eighth Anniversary 10 Posts Combo Breaker
    I have a letter of employment and a contract are their any particular mortgage lenders who only need to see these.
  • Nationwide will accept a letter from your employer and may seek to contact your employer for a reference. There are other lenders with similar policies
  • BelleBot
    BelleBot Posts: 52 Forumite
    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.
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