When to apply for mortgage ??

N

notalot

Guest
I will be purchasing my partners share of our house and the goal is to get this completed in the July/August timeframe.

Thus I will be looking around to extend the amount/term of my existing mortgage.

However it is quite probable that I will be moving to a new job in the next two months.

My question is as follows:

If I wait until June to apply for my new mortage, will the banks look unkindly on the fact that I have just moved into a new job (which will be on similar salary to my current one)?
Or is it better to get the mortgage changes agreed before I leave my current job?
 
Lenders don't have an problem about borrowers moving jobs (unless it's excessive - 6 jobs in a year) however any probationary period would have to be completed before the mortgage cheque can issue so if your new job has the typical 6 month probation this would have to have expired before the new mortgage can close.

Kind regards,

Sarah

www.rea.ie
 
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