Changing job role before mortgage application

goldhair86

Looking for some help.

I’m applying for a mortgage this year (just waiting for the house to be built!). I work for the NHS and an opportunity has come up to progress into senior management role on a secondment. Meaning once the job role ends (18 months) I will go straight back into my usual role. 

I know sometimes that mortgage lenders can be funny about giving mortgages to people who have just changed jobs. I’m not changing job as such, just moving up to a senior role earning more money for 18 months and will be moving back to me usual role after that time period. 

Does anyone know if this might have a negative impact on a mortgage application? 

Brie

Given that you have the same employer and that your income will be going up, even temporarily, should all be positives.  The mortgage application will likely be based on your current lower income as that's what you can easily supply proof of but they may accept an offer letter along with the first (or more) payslips proving the higher income has been received.  

Sensible would be to get a mortgage based on the lower income, just in case you need to return to that.

K_S

goldhair86 said:

Looking for some help.

I’m applying for a mortgage this year (just waiting for the house to be built!). I work for the NHS and an opportunity has come up to progress into senior management role on a secondment. Meaning once the job role ends (18 months) I will go straight back into my usual role. 

I know sometimes that mortgage lenders can be funny about giving mortgages to people who have just changed jobs. I’m not changing job as such, just moving up to a senior role earning more money for 18 months and will be moving back to me usual role after that time period. 

Does anyone know if this might have a negative impact on a mortgage application? 

@goldhair86 Based on the limited info in your post, a secondment while you're on your main perm contract should not create any significant issues with most mainstream lenders.

Given the fixed term of 18 months, you are unlikely to be able to use the higher income for affordability purposes but (say) if you were starting a new perm job inside the next 3 months, there are mainstream lenders who will consider the future salary for affordability purposes.