Changing jobs can be an exciting step in your career, but many borrowers worry that it could affect their ability to get a mortgage.
One of the most common questions we hear is:
“Can I get a mortgage if I’ve recently started a new job?”
The good news is that, in many cases, the answer is yes.
While some lenders are more cautious than others, many mortgage providers are willing to consider applicants who have recently changed jobs, even if they are still within a probation period.
Key Takeaways
- Many lenders will consider borrowers who have recently changed jobs
- Some lenders will lend during a probation period
- Employment history and industry experience are often important
- The right lender can make a significant difference
- Specialist advice can help improve mortgage options
FAQ: Can I Get A Mortgage If I Have Recently Changed Jobs?
What If I Am Still In My Probation Period?
This is often the biggest concern for borrowers.
Some lenders prefer applicants to have completed probation before applying.
However, others are willing to consider:
- Borrowers still in probation
- Recently promoted employees
- Individuals moving within the same industry
- Applicants with strong employment histories
In our experience, being in a probation period does not automatically mean your mortgage application will be declined.
Does It Matter If I Have Changed Industry?
Potentially. Lenders often feel more comfortable where a borrower has moved into a similar role or industry.
For example:
- Accountant moving to another accountancy firm
- Recruiter joining a new recruitment business
- Lawyer moving between law firms
A complete career change may require additional consideration from some lenders. However, every case is different.
How Long Do I Need To Be In My New Job?
There is no single rule. Some lenders may be happy with:
- A signed employment contract
- One payslip
- A few months in the role
Others may require a longer track record. This is one reason why lender selection can be so important.
Can Changing Jobs Affect How Much I Can Borrow?
Sometimes. If your new role includes:
- Higher salary
- Bonus income
- Commission
- RSUs or share income
Your borrowing potential may actually improve. However, lenders will often assess affordability differently depending on how long you have been in the position and how your remuneration is structured.
What Documents Will Lenders Usually Request?
Many lenders will ask for:
- Employment contract
- Recent payslips
- Bank statements
- Proof of bonuses or commission (where applicable)
Providing clear documentation can help lenders assess your application more efficiently.
Why Does Lender Choice Matter?
Not all lenders view recent job changes in the same way. One lender may insist on probation being completed before they will consider an application.
Another may be happy to proceed immediately. This is why borrowers who have recently changed jobs often benefit from speaking with a broker who understands lender criteria.
How To Improve Your Chances Of Approval
If you have recently changed jobs, it can help to:
- Keep copies of your employment contract
- Maintain a strong credit profile
- Avoid taking on unnecessary debt
- Demonstrate continuity of employment
- Work with a broker familiar with lender criteria
Preparation can often make the application process smoother and improve the range of options available.
Oportfolio Insight
At Oportfolio Mortgages, we regularly help borrowers who have recently changed jobs secure mortgage offers. In our experience, many applicants assume they need to wait until probation has ended before applying. In reality, a number of lenders are willing to consider applications much sooner. The key is understanding which lenders are most suitable for your circumstances.
Speak To Oportfolio Mortgages
If you have recently changed jobs and would like to understand your mortgage options, feel free to get in touch.
Whether you are still in probation, have just started a new role, or are moving into a higher-paying position, we can help identify lenders that understand your circumstances and explore the options available to you.
