New Job Mortgage: Can You Get a Mortgage with a New Job?

Expert Mortgage Advice from Matthew Price at Bespoke Money

Starting a new job is an exciting step, whether you’re advancing your career, relocating, or making a fresh start. But what if you’re also looking to buy a home? Many people worry that changing jobs could impact their ability to get a mortgage. The good news is that securing a mortgage with a new job is absolutely possible—with the right lender and expert guidance.

Can I Get a Mortgage If I’ve Just Started a New Job?

Yes, many lenders will consider your application, even if you’ve just started a new role. Some mortgage providers may even approve you before you start your new job, as long as you have a permanent contract in place.

If you’re moving into a highly skilled profession or a stable industry, lenders may be even more flexible.

What About Fixed-Term Contracts?

If you’re on a fixed-term contract, getting a mortgage can be a little trickier—but not impossible. Some lenders are happy to work with professionals in fields where contracts are common, such as IT, law, and healthcare.

Certain lenders may ask for at least one payslip or a few months of employment history, but there are specialist options available for those starting a new contract.

Can I Get a Mortgage If I’ve Just Changed Jobs?

Absolutely. If you have a signed employment contract, some lenders will approve your mortgage based on that alone—even if you’re still in your probation period.

What If I’m on Probation?

Some lenders will accept mortgage applications from borrowers who are in their probation period, while others may require you to pass probation first.

Working with an experienced mortgage broker like Bespoke Money can help you find the right lender for your situation.

Can I Get a Mortgage with a Job Offer Letter?

Yes! Some banks and building societies will approve a mortgage based on a job offer letter, provided your start date is within the next 3-6 months.

Documents you may need:
✔ A signed contract showing your salary and start date
✔ A job offer letter from your employer
✔ Proof of employment, such as an HR confirmation letter

Having a permanent position lined up increases your chances of approval.

What If This Is My First Job?

If you’re a recent graduate or entering your first job, some lenders may ask for a larger deposit or proof of continuous employment for at least six months.

However, there are specialist mortgage providers who understand that first-time buyers need options, and Bespoke Money can help you find the right lender.

When Can I Apply for a Mortgage with a New Job?

📌 Before You Even Start – If you have a signed contract for a permanent role, you can apply for a mortgage up to three months before your job starts.

📌 Once You Receive Your First Payslip – Some lenders require at least one payslip, but this isn’t always the case.

📌 After Passing Probation – If your lender requires you to pass probation, you may need to wait a few months before applying.

How Much Can I Borrow?

Lenders calculate affordability based on your salary, expenses, and financial commitments. Typically, you can borrow up to 4.5 times your annual income, but if you earn over £60,000 per year, some lenders may offer up to 5 or even 6 times your salary.

Your borrowing power also depends on:
💳 Credit card debt
🚗 Car finance agreements
📈 Existing loans

A mortgage broker can help ensure you’re maximising your borrowing potential while keeping your repayments manageable.

Are Interest Rates Higher for New Job Mortgages?

Not necessarily. Many lenders offer competitive rates for borrowers who have recently started a new job. However, factors such as your credit score, deposit size, and loan term will also influence the rate you’re offered.

Final Thoughts

Starting a new job doesn’t have to delay your dream of homeownership. With the right lender and expert mortgage advice, you can secure a mortgage even before your first paycheck arrives.

At Bespoke Money, we specialise in helping first-time buyers, home movers, and professionals secure mortgages—even in unique situations like a new job.

📞 Speak to Matthew Price today to explore your mortgage options.

📍 Bespoke Money | 4 Cantelupe Mews, Cantelupe Road, East Grinstead, RH19 3BG
📧 matt@bespokemoney.net
📞 Direct: 01342 651505 | Office: 0203 793 3690 | Mobile: 07813 810050

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