12 Months Employment??

Fluffi

I thought 6 months continuous employment had always been minimum criteria even before the new rules in April 2014.

I always avoided changing jobs when I was thinking about moving for that reason. And I'll avoid changing prior to a remortgage for the same reason.

12 months is a bit stricter but I guess thats probably due to the default / self employment.

I don't think its unreasonable though.

Dave_Ham

This is due to a combination of factors, not just employment length.


There are lenders out there who would be happy if you started a job yesterday with 6 months in Thailand previously as a holiday, although not mixed with a sizeable, recent default.


The lenders that would consider the default have differing criteria and understandably.


As an example, a client has recent adverse but a sensible deposit. They get a job for 3 months to achieve a mortgage and then go back to self employed with a struggling business and then struggle to meet the payments and the vicious circle starts again.


This is not aimed at OP, but moreover a reality check on some of the rationale behind the criteria and the difference with some mainstream lenders.


As stated above, I would still fancy a solution here on reasonable ish rates (subject to the details) although you are likely to need an experienced broker.


Good luck