New Job - Mortgage Offer

Trixie29

Hi guys

Just wondering if anyone knows how hard it would be to get a mortgage offer in a new job?

Thinking of moving jobs, obviously isn’t really a great time when I’m looking to buy but seems like a great opportunity and a pay rise would mean I can afford a higher mortgage which will be a massive help!

So would I need to wait until I’d been in the new job six months or would it not be a problem? Is a factor that is going to make my decision of whether to accept or not.

Thanks in advance

buggy_boy

Speak to a mortgage adviser but historically at least it has not been a problem as long as you are in constant employment and the new job role is not a fixed term job role.

I don't think you should have too many problems but again speak to an all of market independent mortgage adviser, note find one that does not charge you.

Noobie2011

Speak to a Broker as I had this issue when we were looking at buying and due to not a brilliant credit report and using HTB we were very restricted so the likes of the Specialist Lenders want you in a job for at at least 3 months and out of any probation.

However in the end due to our credit file getting much better(paid of a load of debt) we were able t approach Halifax and they have no problem with time in job or probation etc. The only ask from them was do you have a permanent contract and may want to see 1 payslip but the time it takes to do everything you would have received one when it is needed.

juliang

Speak to a broker but it's possible.

I'm changing jobs in September but, for the house I wanted to buy, needed my new salary to be considered rather than my current (there's a significant difference). Declared all in application, they contacted new employer to confirm terms of contract, and approved it. Mortgage will actually start before I even start the new job.

Halifax for me but think the broker spoke to a few banks and checked stuff out beforehand to see where was best to apply given the situation.