📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Getting a mortgage and relocating

Hi,
I was wondering if anyone could provide any advice. My partner and I will be looking to buy our first home soon, but we will be relocating a couple of hours away from where we currently live. Employment wise, this is fine for me as I can transfer to another office so can continue working. My boyfriend is not so lucky and has a 12 week notice period. What is the best way for him to proceed with resigning and getting a mortgage? He was looking to resign soon so that he will be ready to move in around 12 weeks and then look for a new job once there. However, we're aware this would impact the application as he would soon be unemployed temporarily. Or he could try to find a new role whilst working his notice but again, surely this wouldn't look good on the application? He lost his dad earlier in the year so will inherit a fair amount of money, much of which we can put down on the house with some still remaining for outgoings until he has a job, we would have no issues with living costs. Would this be taken into account when applying for the mortgage? We're just a bit confused about the best way to do things and it's our first time buying so it's all new to us!
Thanks in advance,
Nat

Comments

  • LRmortgage
    LRmortgage Posts: 484 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    edited 14 August 2022 at 7:09PM
    He will need to have a new job lined up and offered / contract signed for his income (from the new job) to be used for affordability purposes. 

    Old job will be disregarded if plan is to leave it and move 2 hours away. 
    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.
  • Thank you!
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.1K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.