How do you move to another town? How do you get a mortgage?

frankie0408

Hello,

I have tried looking online but cant find any actual helpful info!
me and my partner want to move to a new city and, it's an hour on the train.
We know how much mortgage we can get at the moment we did a principle of agreement about 6 months ago, but how do we get a mortgage when we will be leaving our jobs?We want to buy our first house, move and then get jobs obviously, the issue is how can we possibly get a mortgage when we'd be quitting our jobs to move? I work for non-profit my job is not super well paying and I've worked hard to get the money behind me to buy and now it just seems like it's impossible! My position is not one where they will have a relocation package, nor wait around for you to move (as we are aware buying a house can be a long process!) and my partners is unlikely to have a relocation package or wait either as his is well paying but a desirable job and does usually have a fair few applicants when a position comes up.
We are both not fussy as in if we couldnt find a job in our sectors right away we would just go get any job while we look, we're not the type to sit around just waiting.
How do people realistically do this? we cant get jobs and then move as the train is £200 a week to get there and obviously we cant afford that while still paying rent/bills etc.
I just feel like my dream is turning into a nightmare! Even when we looked at going to rent, most places won't give you a place because you wouldnt have a job! and then on top of that we would not get as good of a mortgage because we haven't been in our "new" jobs long if we did this!
Will anyone even consider giving us a mortgage when we our planning to relocate and quit our jobs? 
If anyone has any advice i would be so grateful as my brain is fried from trying to look all this up today!

Slithery

Move into rented in the new location first.

luvchocolate

Slithery said:

Move into rented in the new location first.

Definitely do this it will give you time to look at different areas. 

frankie0408

Slithery said:

Move into rented in the new location first.

I think this may be our only way but even then, how do we get a place when we don't have jobs? we have over 30,000 in savings, can we use that as proof we'd be able to pay even if we didn't get jobs (not that we wont but ya know) because when we were looking for our current place some didn't want to know from us because my income was low for the area! 

gozaimasu

Get a mortgage based on where you are. You are commuting 1 hour to your old jobs whilst you find new ones

[Deleted User]

Just don't tell the agency that you plan to give up work after moving in.  As long as you have jobs at the time.  However, if your job is secure, now would seem to be a bad time to be planning giving up a job and buying a house in a new area.  Its going to take some time for things to settle down again.

frankie0408

deannatrois said:

Just don't tell the agency that you plan to give up work after moving in.  As long as you have jobs at the time.  However, if your job is secure, now would seem to be a bad time to be planning giving up a job and buying a house in a new area.  Its going to take some time for things to settle down again.

we thought of that, but we dont feel that comfortable lying, what if they found out? Ive read the consequences wouldn't be worth it.
We would like to move to a new area as we HATE where we live, an extremely rough area of our town, and we've worked really hard to get the money behind us to leave. We do not feel safe in our own flat, in our neighbourhood, I dont even feel safe commuting to work as the train station is dodgy! Just seems a lot of things aren't going in many people favours at this time does it! 

cooltt

frankie0408 said:

deannatrois said:

Just don't tell the agency that you plan to give up work after moving in.  As long as you have jobs at the time.  However, if your job is secure, now would seem to be a bad time to be planning giving up a job and buying a house in a new area.  Its going to take some time for things to settle down again.

we thought of that, but we dont feel that comfortable lying, what if they found out? Ive read the consequences wouldn't be worth it.
We would like to move to a new area as we HATE where we live, an extremely rough area of our town, and we've worked really hard to get the money behind us to leave. We do not feel safe in our own flat, in our neighbourhood, I dont even feel safe commuting to work as the train station is dodgy! Just seems a lot of things aren't going in many people favours at this time does it! 

Buy the house you want from your existing position it would be far simpler. How were you to know you liked the area you moved to so much you wanted to get a new job there, you catch my drift.

An hours commute is nothing in the scheme of things and wouldn't raise any eyebrows with the lender.

I wouldn't give it a second thought, do whats best for you both.

MovingForwards

I've purchased a home in a different county, retained my job - although working at home due to Covid and therefore currently saving over £220 by not commuting. I've spent the time looking at alternative commutes and the associated costs, trimming the money down and not really adding much extra time. I also know how much I could save if I worked in my new home county.

Lenders are fine with commutes of upto 90 minutes for regular jobs, longer than that when in management / director roles and earning substantially more.

You can't not work and get a mortgage, so you either stay in your jobs and buy a home, do the commute and in the future progress your career at separate times or you rent and watch your savings go down while looking for jobs.

TBagpuss

Either you buy the house in the place you want to live while keeping your current jobs, accept that this mean that you will be commuting for an hour for the present, and start job hunting once you have moved, or you apply for new jobs, rent in the new location once you have a new jobs, then house hunt and buy, accepting that this means that you will be renting for a while while you build up a bit of job history, but in the mean time have time ti shop around and get to know the location better. 

1 hour is not a particularly difficult or unusual commute so commuting to the new town from you current location, if you get a new job before you buy, or commuting back to current job from new location, if you move first, should both be do-able.

Wkmg

Why doesn’t at least one of you get a job before you move?