Applying for a mortgage with a new job
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.
Whether your changing jobs with the same employer or you're starting a new job with a new company, we work with many lenders who are open to mortgage applications from every kind of employment status. The experienced brokers here at CLS Money will source the best available new job mortgage products from the available mortgage market, narrowing down all available lenders to a panel whose criteria will allow your situation. The lender we proceed with is usually lesser-known and will not likely be found on your local high street.
Our expert mortgage advisor provides the professional advice for new job mortgages
We apply to the chosen lender on your behalf, providing all of the documents to verify your working situation. Our cases typically fly straight through the lender's system because we meticulously carry out all of the required research in advance. By putting together your application and verifying documents for you is a way we minimise your stress while giving you the best possible chance of acceptance by a lender offering good terms at a competitive interest rate.
If you've just got a new job that comes with a healthy pay rise, congratulations! If you're looking to get a mortgage deal with competitive interest rates despite just landing your brand new employment contract, we're ready to help. Despite your new contract, we'll utilise that new, higher salary to leverage a great new job mortgage, offering the expert professional advice you need for smooth and successful mortgage applications.
Contact us today to learn more about getting a mortgage with a new job whatever your employment history or new income. We'll match you with the right lender for your individual circumstances, ensuring you have that newly signed contract – for your new job mortgage – in no time!