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Relocation and proof of salary?
Meloramus
Posts: 6 Forumite
I am looking to take out a mortgage after a year renting as my husband and I are relocating from London to the Midlands.
We have a good credit record and a large deposit which will cover more than 50% of a £200K house value. We have no other debt.
I will be in my current job until end of December and have already accepted a job offer in the town that we are moving to. Both my current and future salary pay enough to cover the new mortgage (my husband will only be working part-time).
When applying for a new mortgage, should I use proof of my current pay or show them my new job offer? The latter is subject to a 3 months probationary period.
We have a good credit record and a large deposit which will cover more than 50% of a £200K house value. We have no other debt.
I will be in my current job until end of December and have already accepted a job offer in the town that we are moving to. Both my current and future salary pay enough to cover the new mortgage (my husband will only be working part-time).
When applying for a new mortgage, should I use proof of my current pay or show them my new job offer? The latter is subject to a 3 months probationary period.
0
Comments
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You will need to give them your current details, and inform them that you are leaving - as if they write to your employer for a reference they will find out anyway.
You will probably need to show them your signed contract for the new job, and they may wrote to them to again confirm your position.
The 3 months probationary period may cause problems with some lenders, however there are plenty that are flexible enough to take you on straight away, assuming you meet all their other criteria.I am a Mortgage AdviserYou 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.0 -
Just got back from work and saw your reply. I will follow your advice.0
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Herbie is right but if you use intelligent Finance or Standard life they will just go on existing details.I like to give people as many choices as possible to do what I want them to. (Milton H Erickson I think)0
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