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Can I get a mortgage whilst in my probationary period at work?

gina3598
gina3598 Posts: 2 Newbie
in Mortgages & endowments
Hi all!

I have been in the process of applying for a mortgage (I am a first time buyer).

I have received my decision in principle based on the required info - including only being in my current job for two months (Previously a full time student). Natwest refuse to offer a mortgage to anyone in a probationary period.

Is there a mortgage lender out there who could offer me a mortgage based on this?

Thanks!! :T

Comments

  • Voyager2002
    Voyager2002 Posts: 16,349 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Nationwide would probably help, but see a broker.
  • Sarahj1590
    Sarahj1590 Posts: 35 Forumite
    TSB :) Me and my partner have just got our mortgage and we are both in probationary periods.
  • GoldenShadow
    GoldenShadow Posts: 968 Forumite
    How long is probationary period?

    We have gone with Natwest because, like yourself, I was in my first job post uni. A lot of lenders wanted me to have been working in my job/sector for a year. Natwest considered my degree as related to my field, so weren't concerned I hadn't been in my job for a year. I wasn't in probation when we applied though.
  • amnblog
    amnblog Posts: 12,761 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Probationary period now and less than a year in the job.


    Nat West were never the right option.


    You could take a punt on a Lender suggested here by someone who does not know your full situation. Or do the smart thing and engage a broker.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, 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.
  • roje
    roje Posts: 187 Forumite
    Natwest have approved me and I haven't even started my new job yet!
  • gina3598
    gina3598 Posts: 2 Newbie
    Hi everyone!

    Thanks for all the advice! I have now spoken with a broker and TSB are the best option for me :)

    Natwest would have been ideal due to all my banking being with them; however TSB has better rates at the moment so it would seem a blessing in disguise!
  • amnblog
    amnblog Posts: 12,761 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    roje wrote: »
    Natwest have approved me and I haven't even started my new job yet!


    Well, I hope you do not have a probationary period.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, 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.
  • roje
    roje Posts: 187 Forumite
    amnblog wrote: »
    Well, I hope you do not have a probationary period.

    No, I don't to be fair ;) They were fine with it. I'm a graduate in a stable profession and am relocating, though.
  • amnblog
    amnblog Posts: 12,761 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    To avoid confusion for other viewers of this post.


    Nat West are not a suitable Lender for applicants who are about to, or have just changed, employment, and are subject to a probationary period.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, 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.
  • tennyalad
    tennyalad Posts: 17 Forumite
    Got a mortgage offer with Natwest even though I was in the job for just 4 months. We did go via broker though, but based on their terms, it looks like as long as you are a graduate you will be fine.
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