DJMA

We have been living here for nearly 4 months now. We have permanent residency and I have just accepted a job offer, starting Monday. We are looking at property, but I was told by an estate agent, that we couldn't get a mortgage until I had completed my 3 month probationary period at work.

Has anyone managed to get a mortage agreed during their probationary period ?

We are looking at borrowing about a third of the total cost and the total mortgage will be less than 2 x my salary, so we are pretty low risk to any lender.

Thanks

DJMA

biggy

we got one....all hubby had to do was get a proof of salary letter from his employer it didnt ask if he was on prob or not. Put it this way you can be in a job for years and be made redundant tomorrow....u just never know, so they shouldnt stop folks from gettin a mortgage. If you are putting down a large deposit then there is no worries the banks know that if u were to lose ur job they would still be able to recover their costs from the sale of the house

biggy

Give Bordy a shout....Im sure his daughter works for one of the big banks.....maybe she could answer your question

joeyballantyne

got job offer letter 28 Nov, got mortgage offer 19 Dec, moved in 31st Jan. suppose it depends on the bank so you could check it with them.

TrickyTree

I hadnt even started my probation period and was offered a mortgage by the bank. All they wanted to see was a letter confirming I had the position and the salary I was on (this was through the commonwealth bank) like you we borrowed 2 x our salary.

TT

worzel

Some banks want 3 months payslips (I think ING is one) but others are okay. I got my mortgage with CBA after 3 weeks in work with almost 2/3rds deposit. Being an existing CBA customer can't have done any harm. Get a mortgage adviser (no cost to you) to advise you - we are using Mortgage Choice in Joondalup with no complaints so far.

Stormz

Yep, get a mortage adviser... step 1.

Then see what they say and which place is the best one to go with.

You`ll get it np in your situation.

I got our mortgage after working for 4 months, and that was with a 95% loan.

YOU won`t even have to pay or worry about Mortgage Insurance (the biggest hurdle to getting approved), as you are putting down at least a 20% deposit.