| Property | Two-bedroom apartment |
|---|---|
| Location | Ancoats, Manchester |
| Client | Software engineer, 2 months into a new role |
| Product | Residential purchase |
The challenge
The buyer had relocated for a better-paid job and found a flat quickly. Several lenders would not consider her new salary until she had passed a six-month probation period, and her agreed purchase risked falling through.
What we did
We sourced lenders that accept a new employment contract and a first payslip where the applicant has a continuous work history in the same field. We supplied her signed contract, prior employment record and a letter from HR confirming the role was permanent. The application was submitted with all documents upfront to avoid delays.
The outcome
An offer was issued at 85% loan to value based on her new salary, and the purchase completed on schedule.
Residential purchase mortgagesMortgages for buying your next home, from first flats to family houses and prime London property.
Learn moreImportant: Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice: up to 1% of the loan, typically £500.