Mortgage applications and starting a new job

492800

Hi all, I hope you can help me.
I am selling my own home, and jointly buying a place with my partner.
We have a fresh/new mortgage fully accepted for the new place with Natwest as we were supposed to moving in for xmas but it has gotten severely delayed due to chain issues.

Our mortgage application is valid until May but there is a chance we may not have moved by then so we would need to reapply.

I have been employed at my present place for 5 years, but I am potentially starting a new job that would start in March/April (full time but obviously with a 3 months probation)

1) If we have to reapply, will the fact I would have been in a new job for only a month affect us getting a new mortgage application?

2) In addition, if we are able to move before May, do I need to tell the bank I have the mortgage agreed with, that I am in a new role?

-Extra info should it help:
My wage £50k (and would increase to £64k in new role), partners wage £90k, property=£650k, mortgage=£300k (equity from my present home), location is London

kingstreet

Any major change should be disclosed to the lender upto completion.

NatWest criteria;-

"Applicants must have been living in the UK for a minimum of six months and have had six months' continuous employment in the UK. We class it as continuous where there is no break of more than 3 weeks between employments. The client would need to be in their current position for at least one month and have one month’s payslip showing their new income"

and

"There should be six months of continuous employment, although this doesn't need to be with the same employer. In the event of a joint application where affordability is met based on the main applicants income only, there is no requirement for the joint party to meet the continuous employment requirements. 

Applications can be considered from graduates who are in full time employment and completing a period of probation, as it is rare for permanent status not to be confirmed."

MaryNB

If you do find yourself in a predicament in May you could try another lender. Halifax will accept a payslip from a new permanent job, even if you're on probation.