Home & Garden11 mins ago
Mortgage and Job
2 Answers
I am currently looking for my first house that im buying with my partner and we have a mortgage offer in principle. However I want to change my job. What happens with this? Can i change my job now and still go ahead with the move or will i have to wait for 3 months pay slips in the new job? if this is the case i would stay put in my current job until the purchase is made and then move on - could i move on straight away or would i have to wait a certain period?
Answers
Best Answer
No best answer has yet been selected by Gembo. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Most lenders will walk away from an agreement in principle if you now have a new job and start a new probationary period. The agreement in principle is an indication that a lender will offer you money based on the information you have told them - this information has now changed. There are examples such as Cheeky's where a lender will use their discretion and allow the application to proceed. The Nationwide will ignore a probation period and will lend to people who have just started a job. Speak to amortgage adviser to get the best advice.