Mortgage and New Jobs

RoyalDad

Husband and I both leaving our jobs and moving to Glasgow from York at the end of July, he is an Assistant Head and I work in HR for a University. Our house is sold STC and we will have £300k in equity and will be looking for a small mortgage of £50k when buying in Glasgow. Need advice on how to play it with the mortgage application. Basically my job allows me to WFH 4 days a week and only go in to the office one day a week. I had thought about applying for the mortgage on my own whilst still working in my current role. Once its all agreed and we move into new house I would then leave and start new role (hopefully will find something). I could travel down once a week for a month whilst I work my notice. I then wondered if we could still get a mortgage even if I was leaving my current job and hopefully have a start date for a new job. Considering our large LTV I was hoping they would be more flexible. We currently have a mortgage with Barclays and are hoping to port that with us. Been with them 12 years and have perfect payment record and both have 999 credit ratings. Does anyone have similar experience or advice. Huge thanks.

GentleGiant01

From Barclays lending criteria: 

“ You’ll need to have been in continuous employment for the last three months with no gaps. This doesn’t have to be with the same employer, but if you’ve been with your current employer less than three months, your case will be assessed by the team. They might ask you to provide additional information.

For details of documentary requirements for employed income, please see ‘Allowable Income Table’ under A-C”. 

I shouldn’t imagine a new job would be a problem but a mortgage broker would potentially be able to contact Barclays on your behalf and ask the question with reference to porting on a new job offer.