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Mortgage when relocating with new job?
glider3560
Posts: 4,115 Forumite
I currently rent and am looking at moving to a new area. In that area, I will buy a property (cannot afford one near here).
Currently on a fixed term contract ending in two months time. New job will likely be on a fixed term for two years. New job pays about £6,000 per year more.
Is the mortgage based on current salary or new salary? Would signing a new contract be good enough to prove my employment will continue beyond the two months left on my current job?
Currently on a fixed term contract ending in two months time. New job will likely be on a fixed term for two years. New job pays about £6,000 per year more.
Is the mortgage based on current salary or new salary? Would signing a new contract be good enough to prove my employment will continue beyond the two months left on my current job?
0
Comments
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Some mortgage companies want 3 months payslips and won't lend to.to you whilst in a probationary period.
Some only want 1 months payslip.
We went with tesco as they don't mind probationary and also just need a copy of contract and written confirmation from.new employer of salary etc0 -
This will very from lender to lender and will be worse if changing employers than a new fixed term contract with the same employer.
Appoint an independent broker to find the right lender and deal for you.
A new fixed term contract and a probationary period are two very different animals in the mortgage world.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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