Mortgage/Probation

lbyrne121

Hi

We are hoping to go for a mortgage in Jan as we seen a house we like and was wondering the following question.

My husband is in a year probation and it's due to end in July 2017. However he is with the company 6 months in January.

Do you think if he can talk to his employer and he can reduce his probation to 6 months on his salary certificate?

Henry Ford III

Yes, but don't do anything fraudulent.

lbyrne121

Henry Ford III wrote: »

Yes, but don't do anything fraudulent.

What do you mean by fraudulent?

Henry Ford III

lbyrne121 wrote: »

What do you mean by fraudulent?

What do you think?

p.s. Tell the truth.

lbyrne121

asking my employer to reduce my probation period from 12 months to 6 months if he thinks I am doing a good job? how is that fraudulent? I am asking I am not going about and filling the form in myself and lying about it..

lbyrne121

Hi,

I am currently in a job and will be there 6 months next month, however it says in my contract that I have a 12 month probation period.  I am getting on very well with my job and my pay review is next month.  I have seen a house that myself and my partner love and we want to go for a mortgage but have been given a salary certificate by the mortgage broker (bear in mind that I always thought my probation period was 6 months until I checked my contract).  I was wondering has anyone ever seen where your employer would reduce your probation period?

Thanks

whiskeyman

I'd say you'd need to wait until probationary period has passed.
It's no harm to go to a broker now and apply and get everything else in order.

lbyrne121

Is there no way an employer can reduce your probationary period?

phormium

It will totally depend on the employer. Big companies will have fairly standard rules and unlikely to deviate from them, smaller employers where the boss is owner maybe will have more discretion to change things.

lbyrne121

Hi all

My husband is out of his probation at the start of next month and we are considering going for a mortgage as we have seen a house that we like.  He has been in continuous employment for 8 years in the public sector (science lecturer/researcher), however he left that job for a better paid job as a Science sales Specialist (private sector)... What are the chances of getting a mortgage if you are just out of probation given these circumstances?  Any advice would be greatly appreciated

lawred2

lbyrne121 wrote: »

Hi all

My husband is out of his probation at the start of next month and we are considering going for a mortgage as we have seen a house that we like.  He has been in continuous employment for 8 years in the public sector (science lecturer/researcher), however he left that job for a better paid job as a Science sales Specialist (private sector)... What are the chances of getting a mortgage if you are just out of probation given these circumstances?  Any advice would be greatly appreciated

does he have a permanent contract?

If so, he'll be fine. He sounds exactly the type of individual banks want to lend to.

lbyrne121

Once he finishes his probation he will have a permanent contract. but I just thought as he changed job to a different field as such public to private industry that he would need to be in his current position for at least a year before we applied?

lawred2

lbyrne121 wrote: »

Once he finishes his probation he will have a permanent contract. but I just thought as he changed job to a different field as such public to private industry that he would need to be in his current position for at least a year before we applied?

I'd be surprised. You'll be asked to provide sufficient evidence that the contract is permanent and that probation has passed. Provide that and you're good to go.

BuffyBot

Threads merged. Please stop creating new threads on the same issue

tobdom

lbyrne121 wrote: »

Hi,

I am currently in a job and will be there 6 months next month, however it says in my contract that I have a 12 month probation period. I am getting on very well with my job and my pay review is next month. I have seen a house that myself and my partner love and we want to go for a mortgage but have been given a salary certificate by the mortgage broker (bear in mind that I always thought my probation period was 6 months until I checked my contract). I was wondering has anyone ever seen where your employer would reduce your probation period?

Thanks

Companies (even big ones) will often clear you from your probation period early - it's usually at your direct manager's discretion. Obviously you would have to request this, just explain your situation to your manager - it could be a natural part of the conversation in your pay review. If they agree to it, you'll likely need an official company letter for the sake of the bank....

Best of luck with it all!