To change job just before exchange but after mortgage offer?

[Ditdatdilemma]

We are in the process of selling and buying and unexpectedly I've been offered a 6 month contract in an amazingly well paid job, which would become permanent at the the end of the contract. We have our mortgage offer in place and are almost at exchange. Would it be madness and too risky to accept this job (for 6 months would be earning 3x my current salary and it would then become permanent)? I am worried that the lender may run further checks between exchange and completion and this could jepodise our mortgage offer if they find I've changed jobs? It's a once in a lifetime opportunity but the mortgage / house move is absolutely essential so I can't risk it in any way. Any advice to help me decide would be very much appreciated! Thank you!

You dont need to inform the bank

I'd keep quiet and not say anything assuming I was comfortable I could afford the repayments in the event of not being made permanent

If it were me I would be speaking to them saying this is the job offer have, show them the detail and ask whether you can accept without it impacting the mortgage offer. Presumably The worst they can say is no mortgage if you take he job and as your starting to make noises about not taking the job because of the mortgage anyway you can only gain

Unless there's some reason that even asking them about the job could impact the mortgage that I'm missing.

Sorry about spelling and grammar. Single handed phone typing

We had this exact thing in November. Fiancé (at the time) swapped jobs to something much better, it wasn’t temporary to start but was a new job. We were selling our flat and buying a house. Our seller needed to exchange and complete close together, so we were about two weeks away.... fiancé read online that it was fraud, and told our mortgage broker, who said he then had to tell our mortgage provider who pulled out.

We’re still in the flat, now husband is still in his job, we’re looking for somewhere new to move now...

I think you just have to sit with it for a bit and see what feels right. We were gutted to lose the new house, really gutted, but I also don’t think I’d have coped with the anxiety either!

It depends on affordability. If the lender thinks you're low risk because you're not borrowing up to the maximum.or have a large deposit and low LTV ratio, they may not mind at all that you're in a new job.
Regardless, as long as you're confident you'll still have a job at the end of the 6 Months, I would not say anything at all. The lender will have done all the checks alr.

Already

Either speak to new employer or mortgage company (given you are more worried about house than job I would speak to employer) and see what they say.

Thank you so much everyone. I have decided to turn the job down and be honest about my reasons. Maybe they will hold it and let me start once we have completed but for us the sale and purchase are totally essential so any risk is too much.

Noooo don't turn it down! That sort of payrise is insane!!!! Surely worth asking the mortgage company atleast? Or holding off and buying in 6mo time!? Your affordability would be greatly improved by doing so anyways.

Or explain to new company and see what they can do.

Turning down the job is insanity.

We were in a similar predicament but my husband's employer waited for us to complete on the house purchase before he resigned on his old job and his notice period was up.

I changed job while waiting to exchange but after mortgage offer. Lender (Skipton) said it didn't matter.

Be also mindful that anything can happen until exchange. For example we had to pull out of a sale at the last minute because of a serious issue discovered, we found a new house quickly however you have to go through a brand new mortgage application even if you require same amount etc the person at the bank who handled our application asked for additional info that we weren’t asked for previously. Just something to bear in mind