Mortgage with new job offer

Mareland6

Hi

My partner and I found our dream house and managed to get an offer in principle, which was difficult as I am on a fixed term contract.

However since then, and before actually applying, my partner has been offered a new job on substantially more money. It is a conditional offer so not a firm one yet, he has no sign of a start date and no contract.

Our mortgage advisor has said that he doesn't think he can do anything for us and that we could directly to the banks ourselves.

Does anyone have any advice? Do we have to pull out?

Thrugelmir

Mareland6 wrote: »

It is a conditional offer so not a firm one yet, he has no sign of a start date and no contract.

Conditional on what? There's nothing substantive on which the lender can base a decision currently.

kingstreet

A firm written offer and a confirmed start date are the minimum for a mortgage application.

Best you could do at this stage is an agreement in principle based on the new employment.

Mareland6

The offer is from hmrc so they do all sorts of checks before confirming an employment offer. This could take months.

Given this can we not proceed on the basis of current employment? Do we need to mention the new employer if it isn't confirmed yet?

kingstreet

You should inform the lender of any material change in circumstances which is expected.

Once you do that, their interest in current situation income/employment is likely to wane dramatically.