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Mortgage help please

Andrea92
Andrea92 Posts: 6 Forumite
in Mortgages & endowments
Hi,

I am after some advice please
I have a mortgage on my own property which I have owned since September 2017.
I am looking to buy a new house but have just completed a mortgage in principle and due to starting a new job last month it is rejecting my income application and saying I need a 20% deposit and can only get a mortgage of £111,000 .
My job is within the NHS and I have worked within the NHS since September 2015, but have changed from one trust to another. I have not had a break in employment since I qualified in 2015.
Is there a way around this?
Thank you

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,383 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Earn more, increase your deposit or apply to a lender who will offer more.
  • ACG
    ACG Posts: 24,897 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Try a different lender - check you fit criteria and affordability before doing and credit checks.
    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.
  • Andrea92
    Andrea92 Posts: 6 Forumite
    I wish it was just a case of earning more.
    With both our wages we earn over £45,000 a year.
    It's not a case of earnings.
    It is because I need to have had the same job for 3 months or more. Which I haven't.
    But have had the same wage for over 1 year now. Just changed jobs with no employment break.
  • haras_nosirrah
    haras_nosirrah Posts: 2,208 Forumite
    There are lenders who will do this with no issue (use your new salary)
    . You need a different lender or you need to consult a broker
    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.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Are you selling your other property?
  • ACG
    ACG Posts: 24,897 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Not all lenders need you to have been in the job for 3 months.
    Try a different lender or a broker.
    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.
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