Get A Mortgage With A New Job

Specialising in pairing people with their perfect mortgage

Can I Get A Mortgage With A New Job?

So you’ve secured your dream job which is great news for you as you embark on your latest venture in life. Now you’ve got your new job, you may start to think about buying your own home for the first time. But starting a new job could make being accepted for a mortgage more difficult, even if you earn more. Here you can find out why and what you can do to improve your chances of getting a mortgage with a new job.

Why Will I Struggle to Get A Mortgage With A New Job?

There’s a good chance that if you’ve just started a new job, you may struggle to get a mortgage. This is because most lenders will only offer you a mortgage if you have been in your job for a while.

There are some lenders that may accept you if you have worked at your job for three months or less, but they can be difficult to find if you’re not sure where to look for them. In some cases, mortgages will only be available to you if you’ve been in your job for more than three years.

Largely, it depends on the lender’s acceptance criteria and their set of rules that determine who they are happy to provide a mortgage to. The factors include your employment status, age, income and credit record.

We have the skills and expertise to match people with their perfect mortgage. We’ve already helped hundreds of people obtain a mortgage and consequently secure their dream property. We have even helped people release money from their property to make them more financially secure or to complete the home improvements you’ve always wanted.

Kiran
Kiran
2024-01-15
Cannot recommend Regal Finance enough! Matthew and Kirsti were amazing and completely took the stress out of the process. They were always available to answer questions and guide us through everything. I found they had access to a wider range of products than other advisors I had used in the past. I will be recommending Regal Finance Group to everyone I know!
L Fowler
L Fowler
2024-01-04
Matthew and his team have gone above and beyond to help us with our mortgage. As first time buyers we decided to seek advice from a mortgage advisor. After having an offer accepted on a house we needed some support with the mortgage fairly quickly and Matthew managed to fit us in out of usual hours to suit us. We had a very detailed call with him and all our questions were answered. From this point onwards Kirsti managed our application and the whole process was fast and effortless as they managed everything. We made the best decision using Regal finance. If you choose to go with Regal you’ll be in good hands.
Jamie Wells
Jamie Wells
2024-01-04
I can’t recommend regal finance group enough. Kirsti and Matthew have been amazing. They are so quick to respond and the advice they give has been so helpful. Don’t hesitate to get in contact if you need a mortgage. Thanks Jamie and Lauren
Sam Powell
Sam Powell
2023-12-07
Excellent service and company
Erion Andoni
Erion Andoni
2023-10-10
I recently had the pleasure of working with Rick to secure a mortgage for my new home and a buy-to-let mortgage for my existing property. Rick's assistance was truly invaluable throughout the entire process. Rick effortlessly guided me through both processes, making sure every detail was covered. His commitment to assist and his availability and willingness to answer my questions, no matter how small was exemplary. Rick's expertise in mortgages was impressive. He made a complex process seem straightforward. I wholeheartedly recommend Rick as a mortgage broker. He is not only skilled but also genuinely cares about his clients' success.
Yolanda
Yolanda
2023-09-27
I did my due dilligence looking at various brokers and was pleased to have received excellent help and direction from the Regal Finance Group. From the lead advisor to the administration team we were kept updated and communication was steady. Our situation was not an easy one for the team but they persevered and assisted us well.
Peter Nelson
Peter Nelson
2023-08-22
We've had a great experience with Regal Finance Group both getting our mortgage initially and now re-mortgaging a few years later. Particulalry during the current turbulent market we really appreciated how calm they made us feel by presenting our options clearly and answering all of our questions. We'd highly recommend them, they have really taken the stress out of mortages!
samantha sothcott
samantha sothcott
2023-08-02
Matthew and Kirsti at Regal Finance have been absolutely brilliant through a difficult remortgage. Always available to talk through anything and explain processes when needed. I would definitely recommend their services and thank them for their guidance.
amy evans
amy evans
2023-08-01
Kirsti and Matt were super helpful and always at the end of the phone to explain everything in detail to me. They saved us a lot of money and had great contacts to use and everyone worked together really well to get it over the line in time. Would highly recommend
izzy P
izzy P
2023-06-15
Can not recommend enough! Matthew and his team gave me the most amazing support throughout my process. Buying a property for the first time can be daunting and Matthew gave me fantastic advice and talked me through everything in as much detail as I needed.

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Why Might Lenders Turn You Down

A lender could turn you down for a mortgage as you pose more of a risk after you start a new role. You could become unable to afford your mortgage payments if you lose your job due to underperformance during your probation period, as your company could terminate your contract without notice in this period until your role becomes permanent.

Or if your employer needs to make cuts, the newest employees are usually the first to go.

What If I Earn More Now?

If you earn more, it will stand in your favour when it comes to getting a mortgage with a new job, as a higher salary can lessen the impact as it increases what lenders think you can afford to borrow.

You will need to prove your new salary, so it’s best to ask your employer to confirm it in writing.

On the flip side, if you would be earning less, moving to a new job with a lower pay obviously means the amount you can afford towards mortgage payments will go down.

Get In Touch

We work with a range of providers to find you the best mortgages available from an array of lenders and we pride ourselves on putting the right person with the right product, whether it’s for mortgages or protection.

So what are you waiting for? Give us a call to find out more.

Get A Mortgage With Regal in 3 Easy Steps

One

Step 1

Complete an enquiry form and an advisor will call you back.

Two

Step 2

Send us the documents we need.

Three

Step 3

Receive a Decision in Principle from one of our lending panel.

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