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New job before mortgage completes???
FluffyClouds
Posts: 18 Forumite
I am in the process of buying a newbuild property. It will not be ready to move into until December. I have had my mortgage offer and I am due to exchange contracts in the next few days. I am considering applying for a new job though. The job is a higher salary than I am currently on (£5K a year more) although my travel expenses would be higher but in the long term the prospects are much better. If I was to get the job and be offered it and start before my house purchase completes would I be leaving myself at risk of having my mortgage offer withdrawn?
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Comments
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It will depend on the lender.
Some probably wouldnt mind, others may.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 -
You would have to let the lender know of your change, and it would be their decision.0
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It is Santander. Perhaps I should give them a call and ask them about it.0
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Santander should be okay as long as you are in same profession(and ofcourse drawing more salary than before). Atleast It didnt matter for mine![STRIKE]Deposit: 25000!!/15000[/STRIKE] Homeowner :j
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