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Can I get a mortgage offer based on a New Job Employment Contract?
TempUsername03052020
Posts: 32 Forumite
Hi All,
I shall be relocating for a new Job and I am looking to purchase a property to live in rather than rent.
Is it possible to get a mortgage offer based on an employment contract and no payslips yet as my start date is towards the end of the month?
Any help is appreciated. Thanks
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Comments
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Yes, it is indeed possible and not an unusual occurrence.
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K_S said:Yes, it is indeed possible and not an unusual occurrence.
Great, would I be offered a worse rate compared to advertised deals as I would be seen as a higher risk?
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No, they will either do it at normal rates or not at all. Not every lender allows it btw, either research criteria of lenders or get a broker who will probably know which lenders do it and which dont.
You will be on the high street though, its not a specialist thing1
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