Redundancy / first time buyer

[Summerknight12]

Hi all

Basically I was made redundant by my company and 1 month later I was re employed by them, this was a few months ago. I’m going to apply for my first mortgage soon but someone has said to me that after being made redundant you have to wait 9 months to apply for a mortgage is this true?

No, most will want something like 6 months continous employment

Never heard of 9 months. Some lenders require you to have been with the company for 3 or 6 months, some require you to be out of your probationary period, others are fine with just a letter confirming your employment (I’ve successfully applied for a mortgage twice when relocating and about to start a brand new job.)

Because you were made redundant and then rehired by the same company some lenders may want clarification from your employer that your position is now secure, but again it will be lender dependent.

Thank you for your help xx

If it’s the same job you’re fine even if it’s a FTC. Just show them the contract / letter of employment.