It’s not uncommon to change jobs, switching from employed to self-employed or vice versa, even embarking on an entirely new career, which can be great news for your income, but you may be left wondering if you will still be able to get a new mortgage.
The good news is, it’s certainly possible, but lenders have got different and unique criteria surrounding borrowers starting a new role, the tricky part is finding a provider who is willing to take your new circumstances into consideration.
Lenders typically prefer to lend to borrowers who have been employed for 3 months and are without probations periods, along with self-employed workers who have got at least two years under their belt. However, so long as you can prove that your income meets a lenders affordability criteria, you shouldn’t have a problem securing an affordable deal, as long as you know where to find it.
The experienced brokers here at CLS Money will source the best available mortgage products from the whole of the mortgage market, narrowing down all available lenders to a panel who's criteria will allow your situation. The lender we proceed with is usually lesser-known and will not likely be found on your local Highstreet. We will then apply to the chosen lender, providing all of the documents to verify your working situation. your case should fly straight through the lender's system because we have done all of the research upfront. Us putting together an application and verifying documents for you is a way to minimise your stress, it will give you the best possible chance at being accepted by a lender who’ll offer you good terms, at a competitive interest rate.
Contact us today to learn more about getting a mortgage with a new job.
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