Employment lenght to obtain a mortgage

peace2804 · 22-04-2018 8:24pm #1

Hi all, I believe there is a need to be in employment for 2 years in order to get approved for a mortgage.
Is there a need to be with the same employer for the full 2 years or can it be with different employers?
I changed jobs twice in the last 24 months, both were for my career progression and there was only 1 or 2 weeks between the date I left my ex employer and the date I joined my new employer, will this affect my application for a mortgage? Thanks.

TheIronyMaiden · 22-04-2018 10:12pm

We've just been through the application process with a broker and all that was mentioned was that you had to be with your current job for longer than 6 months (i.e. past probation).

23-04-2018 5:57am

It's not 2 years. I'm not with my employer for 2 years and I have approval.

izzyflusky · 23-04-2018 7:29am

You just need to pass probation. I was able to get my probation time reduced so I could apply sooner so I was in my current job less than 6 months when I applied.

OscarBluth · 23-04-2018 8:48am

I was in my job three months when we got mortgage approval, and for the previous four years I was working outside the country. I was surprised by this, but my employer had a short probation period and the bank basically said they cared I'd been in continuous employment because it spoke to employability but their only concern was having passed probation. A few different jobs in two years sounds grand.

GingerLily · 23-04-2018 8:52am

How long have you been in your current job? What kind of contract do you have? Does the job have a probation period?

peace2804 · 23-04-2018 5:48pm

Thank you all for your answers.

GingerLily wrote: »

How long have you been in your current job? What kind of contract do you have? Does the job have a probation period?

8 months in my current job and I am starting my new job in 2 weeks time, I have a permanent contract with 6 months probation period.

I shall be able to apply for a mortgage from December of this year based on all the above comments.

Thanks again for your time and help!

GIMP · 25-04-2018 10:51pm

TheIronyMaiden wrote: »

We've just been through the application process with a broker and all that was mentioned was that you had to be with your current job for longer than 6 months (i.e. past probation).

Can I ask the Brokers name and address?
Have you got offers from banks yet?

We are just trying to decide if a broker is worth it or if applying individually to banks makes more sense.

Employment lenght to obtain a mortgage

Comments