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Borrowing more on the mortgage in probation period

enzolondon1
enzolondon1 Posts: 69 Forumite
Third Anniversary 10 Posts Name Dropper
in Mortgages & endowments
Myself and my wife are looking to move and will need to borrow an extra 50-60k on out santander mortgage. We can more than afford the move and have savings but I am still in a probationary period at work although a different sector of the nhs where I have been for the past 26 years (move from hospital to gp practice) and my wife has been in her employment for the past 15 years. Can anyone see any problems with this or have any of their own experiences? cheers 🍻 

Comments

  • K_S
    K_S Posts: 6,910 Forumite
    Fifth Anniversary 1,000 Posts Photogenic Name Dropper
    edited 9 June 2022 at 1:54PM
    @enzolondon1 Based on the limited info in your post, as long as you are on a permanent contract, there should be issues arising from being on probation.

    Edit: Shouldn't not should!

    I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. 

    PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.

  • enzolondon1
    enzolondon1 Posts: 69 Forumite
    Third Anniversary 10 Posts Name Dropper
    Thanks. Our FA wasn't sure if it would be an issue and we were told it may just be a case of applying and seeing. My contract is for permanent employment but I am obviously just still in a 6 month probation period. Hopefully this will all be OK 
  • K_S
    K_S Posts: 6,910 Forumite
    Fifth Anniversary 1,000 Posts Photogenic Name Dropper
    enzolondon1 said:
    Thanks. Our FA wasn't sure if it would be an issue and we were told it may just be a case of applying and seeing. My contract is for permanent employment but I am obviously just still in a 6 month probation period. Hopefully this will all be OK 
    Sorry my initial post was meant to say "shouldn't be issues"! Think it got auto-corrected

    I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. 

    PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.

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