I have my mortgage offer but I have been offered a new job!

Nichewari

Hello!

I am looking for advice.

I have received a mortgage offer from NatWest based on my current job which is fixed term until December this year. I have received an offer of a permanent job with a salary which is £8000 a year more than my current job with another company doing the Pretty much the same job.

The new job does have a probationary period of 6months but this would take me through to end of April next year which is 4 and a half months longer than my current contract.

My main question is I will my mortgage offer get withdrawn if I take the job? I have asked the question of the mortgage team at NatWest but they said they would need to read through my contract. We have a LTV of about 68% so have a good sized deposits.

Any advice would be greatly appreciated!

born2shine

They have offered you a mortgage based on your credit rating and performance in managing your personal finances. There are people who earn far more than you but can't get a mortgage because they can't manage their money.

At this point whether you take the job or not is up to you, all the bank are interested in is if you are able to make the repayments!

libf

Will depend on the lender and their position on length of employment and probationary periods.

Nichewari

Thanks for the responses.

My current contract is only a 9 month fixed term contract so they accepted that and I had only been there 4 and a half months when they offered me the mortgage.

I think I will take the job. I could end up with no job in December if my contract isn't a renewed.