First time buyer

Kcaj94

Evening all,

Just after some quick advice if at all possible.

I am looking to get onto the property ladder and have been looking into first time buyer mortgages and have received an agreement in principle which is great.

My worry however is that they are requesting 3x payslips so for December, January and February. I started a new job in late November 2017 and the job was completely different to what had been explained to me so I ended up leaving the job in January 2018 and walking into another role. My new role required me to work a one month probation on a lower salary (16k a year) and now I have passed my probation my salary has increased to 25k a year which is what my agreement in principle is based on.

Now, obviously my payslip from December will be my full pay but the one from January is decreased somewhat due to me leaving half way through the pay month. Then my payslip from February will only show me as earning 16k a year but I have based my mortgage in principle on me earning 25k a year as I am now I have passed my probation.

Is my mortgage likely to be turned down in light of the above?

Any help is hugely appreciated as I am having sleepless nights over this!

Edi81

When do you get your March payslip?
Have you disclosed the correct time with employer on the application?

Kcaj94

Thanks for getting back to me.

I get my March payslip on the last Friday of the month.

I have stated on the application that I started with my current employer in January

enthusiasticsaver

Have you got a letter confirming your salary has increased to £25k?

Kcaj94

I do actually yes

amnblog

You have a mortgage agreement in principle which is sounds like has been based on incorrect information.

You simply need to start again with the process. Not to worry, as a MIP means next to nothing anyway and is a long way from a formal offer.

Ask the Lender what to do, or better still, ask a mortgage broker to assist you.