Offer accepted - changing jobs

Ca7cher

Hi all,

Our house had been sitting on the market for a little bit, and quite honestly I wasn't expecting it to sell before well after the holiday season. I was offered a new job starting 2nd January & accepted the offer.

We have now however just sold the house & our offer on the house we were interested in has also been accepted. We have a mortgage in principle in place (mortgage broker was provided with payslips from my current role) & everything is moving forward.

Just wondering how much in trouble I am for changing jobs now?
The new role is better paid (by about 10%). The mortgage is joint with my fiance & he makes about x1.5 more than I do, and even though he could pay the mortgage by himself I don't think lenders would see it affordable for him alone.

Retired_Mortgage_Adviser

Dont panic! As long as there isn't too much of a gap between the two jobs and it's a permanent contract your broker should be able to place you with a suitable lender. The new job will rule out a few mainstream lenders but there are others still in play.

There are mainstream lenders who take into account income based on a job for which you have a contract but hasn't started yet, others who will accept the income from day 1 of the new job and others who will do so merely with the first payslip.

For suporting documentation, depending on the lender, you might need a combination of the following - current payslips, bank statements, P60s, employment contract or job-offer letter, letter from new employer, etc.

Ca7cher

Thank you for the reassuring reply!

My current employment ends on 20th December & the new one starts on 2nd January, so that shouldn't hopefully be too bad. I'll need to get in touch with our mortgage advisor asap I think, he did get us an offer from someone, we'll have to see if this will make that one fall through...

movilogo

New job does not cause any trouble. However, lender may ask you to confirm a letter from employer stating your job is permanent (if you are within probationary period).

I bought my current house while getting redundant from previous job! I only had 2 months payslip to show in new job but bank understood and offered me mortgage.