Mortgage with new job

[hb6040]

I'm in the process of selling my current house - survey has just been done, no problems, so should be completed in the next few weeks.

Out of the blue I got a call earlier this week about a new job, decent salary increase and much better career wise.

Will I be able to get a mortgage immediately after starting a new job, or will I have to wait - and if so, how long?

[HootersGsy]

I always thought it was something like six months, or to the end of your probationary period.

[drab]

We've just purchased and the broker wanted confirmation that we'd been in the same job for a year, regardless of employment status i.e continuous employment for years

Not sure what the official guideline is from lenders though

[p1stonhead]

I changed jobs in September. Got a mortgage in October.

Only wanted my first payslip.

This was Nationwide direct no broker.

[JustinP1]

p1stonhead said:

I changed jobs in September. Got a mortgage in October.

Only wanted my first payslip.

This was Nationwide direct no broker.

Interesting.

Did they need your previous years P60 or SA302?

[p1stonhead]

Yes P60. Although it didn't mean much coz my salary was a lot lower at my old place.

[JustinP1]

p1stonhead said:

Yes P60. Although it didn't mean much coz my salary was a lot lower at my old place.

I wonder as what level they would want more history?

I mean for example, a woman having a career break could have earned zero one year, but could start a £75k a year job a month ago.

[p1stonhead]

Not sure really. I was borrowing a fairly high 4x combined salary too @ 80% LTV.

[Renovation]

p1stonhead said:

I changed jobs in September. Got a mortgage in October.

Only wanted my first payslip.

This was Nationwide direct no broker.

I'm pleasantly shocked.

I'm self employed, last year I asked around and they will only take income I've paid income tax on into account. I made a large amount in the last few years, completely legally, tax free and they simply refuse to take it into account.

It would be worth getting a job for a few months to get a mortgage.

[Sarnie]

Renovation said:

I'm pleasantly shocked.

I'm self employed, last year I asked around and they will only take income I've paid income tax on into account. I made a large amount in the last few years, completely legally, tax free and they simply refuse to take it into account.

It would be worth getting a job for a few months to get a mortgage.

You are speaking to the wrong people!

[Renovation]

Sarnie said:

Renovation said:

I'm pleasantly shocked.

I'm self employed, last year I asked around and they will only take income I've paid income tax on into account. I made a large amount in the last few years, completely legally, tax free and they simply refuse to take it into account.

It would be worth getting a job for a few months to get a mortgage.

You are speaking to the wrong people!

I spoke to:

My previous Mortgage Co who said they'd port my mortgage and that I was pre approved
My previous Indi Mortgage Advisor
My bank

All said the same thing.

I already own the house and would like a 50% LTV, even 25% would be acceptable.

[Andehh]

I found myself in a tricky situation with first direct several years ago, they needed 6 months continuous employment with same employer.