Evening all,
We've been waiting to buy a house for a while now and if things look right might jump in in the new year. Also, I might have the opportunity of a new job, could be good, needs some following up but promising.
So my question - given the apparent (and welcome IMO) tightening up on mortgage lending criteria how long will I need to have been in said new job for to qualify for a mortgage? I seem to remember many moons ago that you had to have at least 6 months wage slips, so I might have to wait til I'm 6 months in or maybe through any kind of probation period.
Any ideas?
Ta
3 months last I knew. Call a lender.
Depends. Given you can be sacked without any real reason for up to 12 months, some lenders are a little nervy.
It depends on the lender and your new job.
Yep, will ask a lender when I get round to it. It just occurred to me so I thought I'd tap into the STW collective wisdom.
Can get sacked for no reason for anything up to a year?!!!! Seriously? In that case if the job comes off I'll check the contract very carefully....