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Agreeing a mortgage before starting a job
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grad_buyer
Posts: 3 Newbie
Hi,
I was wondering if you could advise please. I currently own a flat with my wife which we bought when we were both employed. For the last 3 years however, I have been completing a graduate degree and so have been living off a bursary (i.e. not employed). She has still been employed and we have met all our mortgage payments.
I have been offered a job in a different location starting in September and so we are intending to sell our flat and buy a bigger house (as we now have a child) in the new location. My worry is that since I have not been employed for the past 3 years, we will struggle to get a mortgage. Is it possible/easy to get a mortgage with confirmation from my employer that I will be starting a job around the time we would aim to complete on the house? If so, then are there any time limits as to how far in advance lenders will agree to the mortgage or any other constraints?
Thank you in advance!
I was wondering if you could advise please. I currently own a flat with my wife which we bought when we were both employed. For the last 3 years however, I have been completing a graduate degree and so have been living off a bursary (i.e. not employed). She has still been employed and we have met all our mortgage payments.
I have been offered a job in a different location starting in September and so we are intending to sell our flat and buy a bigger house (as we now have a child) in the new location. My worry is that since I have not been employed for the past 3 years, we will struggle to get a mortgage. Is it possible/easy to get a mortgage with confirmation from my employer that I will be starting a job around the time we would aim to complete on the house? If so, then are there any time limits as to how far in advance lenders will agree to the mortgage or any other constraints?
Thank you in advance!
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Comments
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You can apply for a mortgage with some lenders with a firm job offer and start date. Starting in September, you may not be able to apply until perhaps March next year.
Get broker help with lender and date options.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Never mind the bank - would you be willing to take on a mortgage when you have no guaranteed income?0
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I would suggest speaking with a mortgage broker, they're exactly the kind of people that can help you in these kind of 'unusual' situations."If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett
Save £12k in 2025 - #024 £1,450 / £15,000 (9%)0 -
kingstreet wrote: »You can apply for a mortgage with some lenders with a firm job offer and start date. Starting in September, you may not be able to apply until perhaps March next year.
Get broker help with lender and date options.
Thanks! Do you happen to know which lenders offer this?0 -
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