New job in same week as offer being accepted?

scrams

My partner and I have made an offer and had it accepted on our first house this week, and at the same time a job opportunity came up for my partner that she thought "why not have a go?' as it seemed unlikely that she'd get it. On the same day our offer was accepted, she was also offered the job.

Is it likely to completely eff up our mortgage possibilities if she takes the job? The new company want her to start ASAP. She'd be working in her current company up until the new job would start (in the next month or so) so no gaps in employment and she would be going from a zero hours contract to a full time permanent contract, so it's a much better position, but the timing is obviously less than ideal. We're a bit concerned now, but we don't want to let either go. Would some lenders still go for us?

housebuyer143

No, not at all. lots of lenders will accept this as long as she has been in continuous employment and has her new contract. I would recommend you use a broker though so they can ensure your case goes with the most appropriate lender. 

K_S

scrams said:

My partner and I have made an offer and had it accepted on our first house this week, and at the same time a job opportunity came up for my partner that she thought "why not have a go?' as it seemed unlikely that she'd get it. On the same day our offer was accepted, she was also offered the job.

Is it likely to completely eff up our mortgage possibilities if she takes the job? The new company want her to start ASAP. She'd be working in her current company up until the new job would start (in the next month or so) so no gaps in employment and she would be going from a zero hours contract to a full time permanent contract, so it's a much better position, but the timing is obviously less than ideal. We're a bit concerned now, but we don't want to let either go. Would some lenders still go for us?

@scrams In general, it's as per what the above poster said. There are lenders that will consider lending based on future job's employment contract, day 1 of new job, at first full payslip, 3 months in new job, with/without continuous employment, etc. it differs based on the lender.

However, all of the above will also have other criteria attached to it, different levels of max borrowing, term, etc. so if it is critical that you are able to get a mainstream mortgage right now then before you quit the current role do make sure with a broker or a lender (if direct) that your particular situation will allow you to get a mainstream mortgage with the new job.

Good luck!

Starlight_at_Sea

I was in this situation too, and have been able to progress. I agree about using a broker though - it's made it much easier to navigate. Congratulations to her on the new role and you both on the new house! 

scrams

Thank you all for the input; I feel a bit calmer!

We have a broker who said it shouldn't be a problem, and has found us a good deal, so we're progressing and pressing the new workplace to have the contract and paperwork in place asap. They want her to start as soon as she can, so they're being pretty amenable. 

Scorpio33

I was unemployed and got a job offer. I got a mortgage based on the offer letter, so you should be more than fine.