New job and mortgage

[Sofiewoo]

Planning on consulting a broker but I just want a little bit of info before that.
Have any of you gone for a new mortgage after recently changing jobs?
And if so who was your lender?
We’ve had a mortgage on a property for about a decade and been in the same jobs for longer however due to relocating we will be purchasing a home with 1 income and ideally would like to start looking immediately but the earner would be about 2 months into a new job, however no gap between.
Does this seem realistic?
Mortgage would be 3x income maybe just under and about 1/3 of the property value.

I’ve never had a problem with this. You just send over the previous payslips as well

This is positive to hear!

I've done it twice, once with exh, we got the mortgage when he had 1 month pay slip.l (a while back, can't remember who it was with). Last year I needed 3 months payslips during a divorce, this was with Principality.

All depends on lender. Some don't have any criteria about this some do.
Some just need history (multiple is ok) some just need contract with salary. Some need probation to be past or 6m of pay slips.

But each one has their own rules and there are plenty of flexible and good options available. Don't worry too much you should be fine :)

Had no issue with that.

Speak to a broker as each lender is different. I’ve always been asked for 3 months and to be out of probation period, as you can be more easily let go of in that time. It might also be worth renting in the new area for 6 months while you decide which area you’d like to live in (that’s if the area is new to you).

I work for a 10 top ten Building Society as a Mortgage Underwriter. We lend to people in probation/new jobs as long as they have experience in the role elsewhere. I.e. if you’re admin at one place and go be admin elsewhere that’s fine. But you can’t go from admin to deep sea fishing 😂 And if you’re not in probation at all, we don’t care at all as long as your contract confirms that.

Work with a FA it's usually 3 months payslips and bank statements

This is good to know!
I think the job offer includes a probation period, not like that overly matters anyway as you’re not protected until 2 years regardless. It’s a professional accredited role within one firm just moving to another. It seems like we will definitely have options so that’s good to know! We have just seen a house come up early and where wondering if we would be able to go ahead with the mortgage process given the circumstances but it seems like some lenders are happy with it, we will have a broker put forward the best ones.

I’ve bought twice while being in the early months of a new job.
Both times I was asked for 3 months of payslips. For one of these instances I only had two months but because of the length of the conveyancing process I was able to get them the third months payslips.

The only ‘issue’ I had is that a fair chunk of my earnings come from a bonus. And the lender we were with said they needed to see multiple consistent bonuses from the SAME employer before they’d consider including that sum in our overall earnings. For us it didn’t matter as we weren’t borrowing a huge amount, and it may be a lender specific request 🤷🏻‍♀️ we were with a non-highstreet lender so not one of the big ones

Is your current mortgage on a decent deal? Have you considered porting it to the new property? If you need additional funds you can look at taking out further lending with your existing mortgage co.
i would think in terms of a new mortgage as your income multiple is pretty low and your loan to value is low you shouldn’t have any issues.
Do go with a fee free broker there is no need to pay.
Also there are some deals you can only get direct. We are direct with Lloyds and it was a better deal than a broker could offer