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Job/mortgage approval

  • 20-07-2015 11:03am
    #1
    SizzlerB
    Registered Users, Registered Users 2 Posts: 12 ✭


    Hello,
    Wondering if part of applying for a mortgage involves having worked with the same company for several years? would I be affected if I changed my job?

    thanks,


Comments

  • #2
    seamus
    Registered Users, Registered Users 2 Posts: 68,317 ✭✭✭✭seamus


    Banks prefer to see longer tenures when offering a mortgage. Especially if you're employed by the company less than a year and in a probation period, you're at a higher risk.

    Unless you're looking to move to a job with a much bigger salary, then I'd be inclined to hold off on changing job until after you've moved house.


  • #3
    Bank of Ireland: Tara P
    Closed Accounts Posts: 573 ✭✭✭Bank of Ireland: Tara P


    SizzlerB wrote: »
    Hello,
    Wondering if part of applying for a mortgage involves having worked with the same company for several years? would I be affected if I changed my job?

    thanks,
    Hi SizzlerB,

    Thank you for contacting us here on Boards.ie.

    There are a number of factors that are taking into consideration when applying for a Mortgage.

    For more information please see here:
    https://personalbanking.bankofireland.com/borrow/mortgages/

    You can also request a call back via the above link from one of our qualified Mortgages advisors who will be happy to discuss this further with you.

    Hope this helps,

    Tara C


  • #4
    SizzlerB
    Registered Users, Registered Users 2 Posts: 12 ✭SizzlerB


    seamus wrote: »
    Banks prefer to see longer tenures when offering a mortgage. Especially if you're employed by the company less than a year and in a probation period, you're at a higher risk.

    Unless you're looking to move to a job with a much bigger salary, then I'd be inclined to hold off on changing job until after you've moved house.
    Thanks Seamus, much appreciated.


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