P1Fanatic

Has anyone applied for a joint mortgage when one applicant has only worked in their current position for 1 month? Most mortgage providers want you to have worked for a minimum of 3 months.

Is there any way to get around this like getting a parent to go guarantor or getting a signed letter from your manager confirming employment after 1 month etc etc.

Any advice/experiences appreciated.

Thanks,
Simon.

fast bloke

There are plently of lenders who have no minimum working requirement. If you post brief details or PM me with purchase price, amount of deposit and salary details I can point to to something suitable

Goochie

You can get a parent to be a guarantor but they must be able to cover your mortgage repayments as well as their own. Scottish Widows have a guarantor mortgage.

Abbey National gave us a mortgage when my othe rhlaf had been working just a month and a half. They require a reference from the employer to confirm employment and salary details. This would be the same for someone who had worked for 10yrs so its not really a problem.

P1Fanatic

Well we are looking for a 2 yr fixed mortgage. Best rate found so far is 4.44% with Yorkshire BS but they require 3 months work in current position.

Need to borrow £162,500, deposit £40k, house £202,500.

Salaries £30,300 + £23,000

Cheers,
Simon.

fast bloke

Abbey @ 4.84 (£934.00 pm) or Halifax @ 4.99 (£949.00pm). Both 2 year fixed, 25 year repayment. Neither have a minimum time in employment

You are tied down to a small number of lenders as the loan is over 3 times your joint incomes.

P1Fanatic

Trying Nationwide at the moment with 4.75% - if they wont lend to us then we might as well give up now

Simon.