One mortgage applicant changing job?

kunekune

My OH and myself have possibly found a house and are thinking about whether to make an offer. However, although he was not actively job-hunting, he has been contacted with an opportunity that is probably better long term than his present one, and has an interview next week.

If he got it, would it mean we couldn't get a mortgage? And for how long? We both earn roughly £40K, and are looking to borrow around £170K with a 10% deposit. So I suppose he's the + a bit on top of what I can get (my salary is the slightly higher one). It would not be a disaster, quite apart from the better job - heck, this house could still be on the market, only cheaper, in a few months time, although I think not because of rarity value for houses that size - but there's no point in getting into negotiations if a job change makes a mortgage application pointless.

herbiesjp

YOu should be fine, as long as he has been in continuous employment.

SOme lenders will not like the application if there is a probationary period involved (and will want that to expire), other lenders will not mind as long as he has an employment track record.

kunekune

Thanks. He says he is going to simply ask (if he gets a job offer, but the spec looks good, right area of IT, same area of banking, ie, risk) whether the staff mortgage deals are available to new employees (it's a bank to bank situation). After all, they want people who stay, so it shouldn't be a dangerous question. We'd prefer to get the staff deal if we can, for various reasons.