Top Ten Tips For First Time Buyers: Tip 6
Stick With The Same Job
If you were currently considering changing jobs then It would be a good idea to hang on a little longer until you’ve secured your mortgage. The majority of lenders like to see you’ve been working for your employer for a decent amount of time, showing security in your job. It is advisable to apply for a loan only after you have been in your current job for at least 3 to 6 months.
David Hollingworth, of London & Country mortgage brokers said; “If someone has recently changed job then it need not be a problem but if still in a probationary period it makes sense to double check if the lender will be happy to lend before it finishes. Even then there should be lenders that can consider the situation.”
