Mortgage application while starting a new job

RBF92

2 weeks ago i reserved a house with my girlfriend, however the very next day found out where I work are making people redundant, rumours are all all but 5 will be laid off.

Question I have is will getting a new job ruin the mortgage application? There's a good chance I'll be kept on but It would involve 4 times the current workload and working for somebody very unpleasant to put it politely 

Slithery

Ask your mortgage broker. Different lenders have different requirements.

MaryNB

Depends on the lender. Halifax allow income from the probationary period of a new permanent job and require one payslip. I'm sure others do, I just happen to know about Halifax. 

Best speak to a broker since your situation will make it a bit more complicated. 

The mortgages and endowments board has a few brokers who could comment on your situation. 

RBF92

Thanks guys, I have an appointment with the broker tomorrow so I will ask then and hopefully find a solution

hazyjo

It's more about the gap in-between. It might take you 6 months to find a job. You would have to declare it. Or do you mean you would leave anyway even if they keep you on?

IronMan22

MaryNB said:

Depends on the lender. Halifax allow income from the probationary period of a new permanent job and require one payslip. I'm sure others do, I just happen to know about Halifax. 

Best speak to a broker since your situation will make it a bit more complicated. 

The mortgages and endowments board has a few brokers who could comment on your situation. 

We went through a broker and went to Halifax ultimately. They didn’t ask for much around incomes/evidence, in the end only wanted one month wage slip each. 

RBF92

hazyjo said:

It's more about the gap in-between. It might take you 6 months to find a job. You would have to declare it. Or do you mean you would leave anyway even if they keep you on?

I'd be looking to leave even if kept on as I can't see the company lasting much longer, he's almost lost all staff at another plant due to massive pay offs and increased workload causing walk outs. 

RBF92

IronMan22 said:

MaryNB said:

Depends on the lender. Halifax allow income from the probationary period of a new permanent job and require one payslip. I'm sure others do, I just happen to know about Halifax. 

Best speak to a broker since your situation will make it a bit more complicated. 

The mortgages and endowments board has a few brokers who could comment on your situation. 

We went through a broker and went to Halifax ultimately. They didn’t ask for much around incomes/evidence, in the end only wanted one month wage slip each. 

When we first spoke to our broker they used Halifax as an example as they said they were usually one of the best to go through. Fingers crossed we can go through them