We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Starting my first job, how long until I can get a mortgage?

dave6224
dave6224 Posts: 2 Newbie
in Mortgages & endowments
Hi everyone,

I'm starting my first (non self-employed) job tomorrow, I'm wondering if I would be able to get a mortgage straight away without having to wait 3-6 months like I've seen other people post?

I have seen a property I really like, and I'm certain it won't be on the market long (owner wants a quick sale) so I can't wait around.

I have £120k cash and just need to borrow another £80k, ideally I would pay this off in about 2 years.

Comments

  • ACG
    ACG Posts: 24,972 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    There are lenders who may look to accept you now subject to credit and affordability etc.
    I am a Mortgage Adviser
    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.
  • dave6224
    dave6224 Posts: 2 Newbie
    ACG wrote: »
    There are lenders who may look to accept you now subject to credit and affordability etc.

    Thanks, just checked my clearscore credit score and it's around 480, do you think that would be reasonable? I'm going to speak to some brokers tomorrow but just wanted to get some information now.

    Also are there any issues with paying back a mortgage early? (fees etc)
  • ACG
    ACG Posts: 24,972 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    As above, the score is worthless. Your application will be scored on its merits as a whole.
    I am a Mortgage Adviser
    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.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.5K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.4K Work, Benefits & Business
  • 604.2K Mortgages, Homes & Bills
  • 178.5K Life & Family
  • 261.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture