When to apply to Nationwide

pollyanna24

I am buying my brother out of our property and in order to do this, am taking on our existing mortgage and an additional one to pay him off.

I need my full time salary as opposed to the part time one I am on now. I am going back to work full time in September, but I wondered how soon can I then apply for the mortgage as on paper, it will not be until around January when I have three months' worth of payslips the new amount.

I have been in my job for almost 12 years and have worked variously full time, then part time due to having children.

pollyanna24

Just thinking about it. Nationwide will ask for my P60 from last year which is fair enough, but not a true example of what my wages are now as I have gone from three days to four days, and will be going full time in September.

Will this be taken into consideration?

Initially I intended to take out the mortgage when I have three months' full time pay, but going from the news reports recently about interest rate rises, I would rather get the mortgage as soon as I possibly can (i.e. September when I am starting full time).

lee111s

I would imagine that a letter from your employer confirming your full time hours and full time salary would suffice.


I suggest possibly calling Nationwide or popping into a branch and having a work with their mortgage advisor.

Angie_B

Nationwide are normally one of the more flexible lenders in this case.

They lent to me with one payslip and one months bank statement showing correlating salary entering account.

Speak to them and find out what they would require.

pollyanna24

I have just done an online check with them and they have said that I can apply now as it's within three months of me going back full time and they will require a letter from my employer as proof.

Thrugelmir

Lenders will base their decision on the facts at the point of application. Not a future event over which there's no certainty or guarantee.

pollyanna24

Thrugelmir wrote: »

Lenders will base their decision on the facts at the point of application. Not a future event over which there's no certainty or guarantee.

Nationwide have just told me that I can apply now with a letter from my employer.