Chances of getting a mortgage with a new job

blueskies9494

Hi all. My partner and I are about to start the arduous journey of buying a house. We’ve instructed a broker and sent him everything he’s asked for but he’s very slow, and not responding to our queries currently. I’ve just had an interview for a new job and really want it. It’s slightly more than I’m currently on and I haven’t been offered it yet but I’m concerned that if I am and I take it, it’ll ruin our chances of securing our mortgage. Are we likely to be okay to proceed if I get the job? Or should we wait 3-6 months before going down the house-buying route? 

Also NatWest have phoned me to express their interest in looking into a mortgage for us (after I did an AIP calculator online) and we’re considering scrapping our broker and seeing what they can offer instead. Does anyone know if NatWest are good for accepting for a mortgage if you’ve recently changed jobs? 

K_S

@blueskies9494 As long as it's a perm role and you don't have not more than a few weeks gap between the 2 jobs, it should not overly impact your options with most mainstream lenders. There are a handful of lenders who are ok with day 1 employment and yet others who will even consider a future contract due to start in the next 3 months.

With regard to your question about NatWest, off of the top of my head they need the applicant to have 6 months continuous employment (one or more jobs) and one month in the current job. Hopefully I'm not mixing up my lenders! 

MovingForwards

This is what NatWest say:
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. If self-employed, two years accounts required.

https://www.intermediary.natwest.com/intermediary-solutions/lending-criteria.html#E

amnblog

Broker slow, not responding at this stage = out tray

With regarding to a new job. This can be an issue with timing. Some lenders will want to see your first wage slip in the new job, and see the funds banked on the bank statement before you can apply.  Some lenders will want to see the first payslip. Some will work from a job offer. Once you have applied you may not be able to get the funds before that first salary is banked - again depending on the Lender.

With Nat West they are not ideal until you have been paid once in the new job.

A new, better Broker is your smart option.

SuseOrm

Natwest were an absolute nightmare to deal with they turned me down because they said there was a discrepancy in my income that absolutely hand on heart was not they refused to tell me what this discrepancy was just basically wasted three months of my life I’ve since been online and on Facebook groups and it sounds like they are literally the organisation from hell the FCAS are dealing with their complaints daily

riotlady

We just got one with Halifax, 2 months in to my new job. They were happy with contract and most recent payslip.