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Getting a mortgage and relocating
nat1986
Posts: 4 Newbie
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
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
0
Comments
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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 AdviserYou 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.1
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Thank you!0
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