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Original poster

Has anyone bought a house whilst in a new job?

17 replies

Berimbolo · 14/08/2018 13:03

Hi all. Just wondering if anyone has purchased a house whilst being in a new job?
I've been there 2 months (contractor now permanent) so have a pay slip, my contract and previous P60 as proof of earnings, DH has been in his job years. There's a house we'd love to buy but I'm worried the application wouldn't be approved due to my job situation so I wondered if anyone else has been in my position and if it worked out? We're FTB, have AIP and good deposit.
Thanks

OP posts:

DownUdderer · 14/08/2018 13:18

If you’ve got a mortgage offer and a deposit why wouldn’t you put an offer on a house?

superking · 14/08/2018 13:23

Some mortgages may not be available to you if you're in your probationary period. We bought shortly after DH got a new job and used a broker. We were excluded from some mortgages, but there were still plenty of good rates available.

I would confirm asap with whoever gave you the AIP whether your job situation will be a problem so that you know where you stand before you start putting offers in.

Aph413 · 14/08/2018 13:24

My husband is in a new job and the only hoop we've had to jump through was getting a copy of his employment history. It gave the last 4 years of his employment. Apart from that the application was smooth sailing

cupcakesandglitter · 14/08/2018 13:25

I applied for a mortgage three months after starting my new job and was approved instantly - DH had been in his job for years, and I provided three months worth of payslips x

Original poster

Berimbolo · 14/08/2018 14:33

Thank you all for your replies. Appreciated.

Down - just being cautious, I wouldn't want to offer getting hopes up and then letting them down if the mortgage wasn't approved.

The AIP is from my bank, who would be happy to lend (we had 2 purchases fall through previously and they were doing the mortgages on those) however I've seen another lender who would be £150 a month less for the same mortgage (lower interest rate). It's a lot of money to save/overpay

Aph - thank you, that's reassuring. I can definitely prove my previous employment pay history. I don't have a probation period either thankfully

OP posts:

candlefloozy · 14/08/2018 14:37

I started a new job in the April and then we found a house in the August and started the ball rolling straight away. Didn't have any
Problems

OneWingedAngel · 14/08/2018 17:20

I got a mortgage on my own within the first month of starting my job. All I had to do was provide my contract and bank statements to my financial adviser. That said I did have a hefty deposit so the LTV wasn't too bad, but it shows it is doable.

BeauticianNotMagician81 · 14/08/2018 17:22

Sorry to cut in op. But those of you that managed it who were you mortgages with?

EmmaC78 · 14/08/2018 17:52

I got a mortgage with Scottish Widows when I was only half way through a 6 month probation period.

GemmaB78 · 14/08/2018 17:56

We bought last year before my husband had started his new job, and he and I were both on fixed term contracts with short terms left to run and I had nothing lined up. He had the contract for his new role. We were FTB. We had a large deposit (40%) and were borrowing well within affordability levels on a relatively short term. Our mortgage is with TSB.

JohnnyKarate · 14/08/2018 18:08

I started a new job when buying a house. I initially didn't even have one payslip. They accepted my contract as proof of pay. I also sent them my first payslip when I had it.

JohnnyKarate · 14/08/2018 18:09

Our mortgage was with nationwide by the way!

saturdaynightgin · 14/08/2018 18:45

I’m in your position, been in my job 2.5 months, but have no probation, so didn’t have any problem at all with securing an AIP

JustLurk1ng · 14/08/2018 18:54

I changed jobs at the same week as we put our offer on our house. I knew in advance I might be changing job so worked with a mortgage broker who found a lender that approved offers without pay history (signed job offer was sufficient). If you already have a mortgage offer I'd chat with their advisors to check. Might also be worth reaching out to a mortgage advisor for them to suss our backup vendors. We used which who are great, and they didn't charge a fee until our formal mortgage application was submitted - so if you're just consulting with them for a backup option it'd be free.

Aph413 · 14/08/2018 20:06

Ours is with Halifax

Original poster

Berimbolo · 14/08/2018 20:15

Thanks guys

OP posts:

Tohaveandtohold · 14/08/2018 21:50

Yes I have. It was joint and DH has been in his job for years. I have been contracting with the company for almost 2 years when we started the whole mortgage process. That didn’t stop us getting our mortgage getting approved. 3 weeks before exchange, I got a permanent job in the same company, nothing changed. We had a broker though and the mortgage is with nationwide.

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