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Probationary period whilst trying to get a mortgage
KateySW
Posts: 107 Forumite
Hi everyone,
So, basically what the title says, I'm currently in my 6 month probationary period at work and am trying to get a mortgage with my partner on a house we absolutely love. We've had a MIP from Coventry BS but I'm getting nervous that now we've got as far as them doing checks with our payslips, statements etc that this might go against me
My current employer has wrote back to Coventry after they contacted them saying that yes, I am in my probationary period, but it is coming to an end soon and they were "sure that I would be passing with flying colours" - does them saying this help at all?
A bit of background: myself and my partner are first-time buyers. House is a bit less (£45,000) than the amount they were willing to lend us in principle, and our deposit is just over 12.5%. Partner has been in his role for over 18 months and is the main earner. I'm 6 weeks away from passing my probationary period in my current role. We relocated in June last year and I kept my job in my old town remotely until end of July. I got a new job not long after but unfortunately it didn't work out (the role wasn't at all like I was told it would be in the interview process, amongst other issues... I realised a month or so after and I handed in my notice) and started current job in November. All in all, it meant it was less than 3 months unemployed but I'm a bit concerned how that'll look...
Any experiences anyone has had that are similar or any advice at all would be useful. I might be worrying unnecessarily but being a FTB means I'm a bit unsure and nervous :eek:
Thanks everyone.
So, basically what the title says, I'm currently in my 6 month probationary period at work and am trying to get a mortgage with my partner on a house we absolutely love. We've had a MIP from Coventry BS but I'm getting nervous that now we've got as far as them doing checks with our payslips, statements etc that this might go against me
My current employer has wrote back to Coventry after they contacted them saying that yes, I am in my probationary period, but it is coming to an end soon and they were "sure that I would be passing with flying colours" - does them saying this help at all?
A bit of background: myself and my partner are first-time buyers. House is a bit less (£45,000) than the amount they were willing to lend us in principle, and our deposit is just over 12.5%. Partner has been in his role for over 18 months and is the main earner. I'm 6 weeks away from passing my probationary period in my current role. We relocated in June last year and I kept my job in my old town remotely until end of July. I got a new job not long after but unfortunately it didn't work out (the role wasn't at all like I was told it would be in the interview process, amongst other issues... I realised a month or so after and I handed in my notice) and started current job in November. All in all, it meant it was less than 3 months unemployed but I'm a bit concerned how that'll look...
Any experiences anyone has had that are similar or any advice at all would be useful. I might be worrying unnecessarily but being a FTB means I'm a bit unsure and nervous :eek:
Thanks everyone.
0
Comments
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I could believe things have changed since I bought my first house (10 years ago), but all they wanted to see was 3 months of payslips. They wouldn't have known if I was 5 months into a 6 month probation, all they knew was that I'd been paid the last 3 months.0
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They sent a letter to my employer asking if I was in my probationary period, amongst other things (how much I earnt, was I permanent, full time, did I get overtime, bonuses etc), so they definitely do know that I am
I'm obviously very new to this, so I'm not sure if that's standard practise or not, maybe for FTB...0
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