My partner is starting a new job around the time we apply for a joint mortgage with the bank he's aready with.

Question

Will they accept the application seeing as he will have only just started a job? Am hoping because he's been with them for a while with his current mortgage deal that it should be OK and they will accept a confirmation letter of his new role? He's with hsbc... thanks

Answer 1

They will probably just ask for previous employers to cover a 2 year period. If he was a student prior to that, they will understand and take that into consideration.

Answer 2

Normally if the job is in the same career field there is no problem. The same could be said if they got a promotion with the same company, but laterally transferred within the organization.

Now if the person is a stock analysis and is starting a job as a electrician that could be a problem, unless they were in school gaining education in their new career field.

Your partner could be asked for a letter from his current employer or other information concerning his employment, that would make them feel better about their employment situation.

I hope this has been of some use to you, good luck.

"FIGHT ON"

Answer 3

I cannot see any problem. HSBC were willing to give me a mortgage based on my contract for my first job when I wasn't starting for a couple of months.

You've especially got a bonus as your partner is just moving jobs, so they can look at his previous 3 months payslips, which proves that he will be sticking at a job in this field, and the new contract will tell them how much he'll be earning.

Answer 4

I actually did this about a month ago. My mortgage was with HSBC now moving to another lender but I moved jobs and they were fine with is because my new job was in roughly the same field. Good luck with everything :-)

Answer 5

a quick web search came up with lots of results but this is the best one i could find for you.