How the fuck am I supposed to relocate when these are the 'rules'?

[PissedOffAndStuck]

TL:DR

I want to relocate 200+miles away. I can't get a mortgage in principle because I won't have a job initially due to the distance; I can't get a job because I can't commute 200 miles each way to work!

Help!!!

Wanting to relocate from South Coast to North Yorkshire. Have a good amount of equity but want to reduce outgoings. Would still need a small mortage to buy new place (approx 15% LTV). After current home is sold and all expenses paid would be debt free with a contingency fund of approx £10k.

My current mortgage provider won't talk to me about anything because 'we can't offer advice' but you need a job for any of our products including porting your mortgage.

Mortgage providers in general want proof of regular income which given that I'm moving over 200 miles I can't provide.

Looked into shared ownership - 75% share purchased outright and £146 per month rent with option to staircase to 100% one I'm settled and get a job and can get a mortgage...computer says no...they also assess on monthly income.

How TF do people relocate? I'm looking for remote working jobs but ones that would suit me are few and far between and presumably one of the finance jobsworths is going to want umpteen payslips in triplicate before agreeing anything.

I've waited so long to make this move and my current lifestyle is absolutely killing me.

Can anyone suggest a way I can make it work? I might be able to scrape together enough to buy something without a mortgage but it would be tight.

People rent
Its not ideal, especially when there are so few rental properties BUT if you can get one you can give 2 months notice at any time (from May)
Having said that with no job its unlikely you will be able to do that either unless you offer a lump sum upfront. Agents can't sk you to do that (from May) but you can offer. However as you could still give 2 months notice and they would have to refund you Landlords will be reluctant to accept it, especially as there re probably applicants with secure jobs already who can pass Refrencing

@Ponderingwindow yes, I've registered with two academy groups in the area as spring is usually a good time to look

Keeping an eye on NHS jobs as I know they can take 2-3 months to reference and get a start date, and also looking out for remote working jobs.

@WarrenTofficier this is definitely an option too

Honestly I'm just overwhelmed with the logistics and having a bit of a tantrum about how bloody difficult it is, especially doing it all on my own. The shared ownership option would have elminated so many stressors and probably allowed me to move sooner so I was a bit gutted to come up against the same issue. I've been working two jobs for nearly four years now and I'm burnt out and just desperate for this fresh start.

I've got my mortgage advisor on the case, and two others on standby and I'll find a way to make it work somehow.

I'm Student Welfare/First Aid rather than a teacher but this is really encouraging - thank you!

NHS will be hiring in a few weeks' time once the budget for next FY gets approved. I ended up relocating last time having found the job in early April and was ready for the new post in July. EA universally accepts contract in lieu of recent payslips so that wasn't an issue at all. But, as I said, much easier to find off season holiday lodge even if a tad more expensive than renting. You are not then competing with other renters which, in some areas, could be pretty fierce.
I think you need to let go of the idea that you will move from your current house into your new one right away. Once you make peace with it, you'll see that it's not at all hopeless.

I moved from London to Edinburgh, you get a job first by travelling for interview, then you give notice and sell your place, renting near the new job until the sale goes through. It's far far easier to buy and sell separately without a chain. You just need to factor in 3-6mo of rent to your costs. You are also in a much better place to choose the right property to buy once you know where your new job will be so a few months renting is worth it.

We moved about 2 hours away. Honestly, no one asked about jobs. 🤷🏻‍♀️ We had jobs. I was employed, Dh self-employed (well, company director). Our new house is about 2 hours drive from Dh’s business and 3.5 hours from my employer at the time. Didn’t make any difference to our mortgage. No one ever asked what we were planning to do about work. It was all based on affordability with our income on the day we applied.

I’d apply for a mortgage and interview for new roles for a September start. You may end up doing a crazy commute or living in temporary accommodation, but that’s fine.

Your being a bit bland- How are you going to have a job across the country when buying elsewhere….you lie, obviously. Just say you will be working from home permanently or we said we would be staying with MIL during the week to work and then going home on weekends. No one calls you after to check! We got everything in place and when we got the dates, handed in our notices a month before and moved. We had extra money so stayed off work for quite a few months then looked for jobs when we had less than 3 months savings left.

As long as you pay, it’s fine.
People saying rent are just stupid, what a waste of money! And you don’t need a job first if you already have one now!

You move and rent a house, find a job, then get a mortgage.

I also moved 200 plus miles years ago, rented for years.

Everyone I know who has relocated has got the job first (unless retiring). It is too risky (IMO) to give up a current job without having the next one secured. Accommodation is sorted once you know where the job is.

Most people just rent until they have a feel for the area 🤷🏻‍♀️

People I have known do this have got the job first and then spent Monday-Friday in a Travelodge or Airbnb while waiting for the sale to go through. You could also do the reverse and commute back to your old job for a while.

I am in the same boat OP. Can’t rent as I have multiple pets .
I am gonna apply for mortgage based on current job and just not mention that I will
be changing jobs . Lots of people commute for many reasons so it shouldn’t raise any flags .
Then when I move I will apply for jobs . Have enough savings to live on for a while .
Difference is I’m going back to my home town do know exactly where I want etc - but yes it’s very difficult to do it all alone .

If you are a teacher and staying in teaching can't you look for jobs with a September start in your new location? If you are a teacher not wanting to teach have you looked at the work from home Hub on FB? I think it's called that. There's a section for teachers and TA's who are looking for jobs out of education. Generally all remote roles. Worth a look maybe?

Moving into rented will obviously be costly, as would buying a smaller property first then upizing. Have you explored turning your current mortgage into a buy to let. Maybe speak to a mortgage advisor, most of them will do a free initial consultation.

So you are applying for remote working jobs? Then get the job first then look into moving. Personally I would want to rent in a new town first before I went to the expense of moving. I’d want to find out what areas to avoid etc.

That's really helpful, thank you.

I'm student welfare so it's not something I can do remotely but tbh im not hell bent on continuing to work in school.

I think I'm going to carry on looking and see how things pan out. House isn't going on the market for a few weeks so I've a bit more time to see what I can put in place between now and then.

This I had a 300 mile change. Got job first and then rented and put mine on the market and then sold and brought a new one.

As I've already stated I'm very familiar with the area and really don't have the budget to be paying someone else's mortgage for 6-12 months and two lots of moving costs.