Mortgage Options for New Job Starters in the UK: Your Essential Approval Guide
A new job signals fresh beginnings, new challenges, new opportunities, and for many, the dream of homeownership.
But here’s the real question: Can you get a mortgage if you’ve just started a new job?
The short answer? Yes, but only with the right approach.
The good news: Mortgage options for new job starters in the UK do exist.
However, lenders assess key factors before approving applications, and knowing what they look for can make all the difference.
This guide breaks it down, helping you navigate your options and increase your chances of approval, whether you’re in probation, changing careers, or stepping into a new role.
Let’s dive in.
What Are the Mortgage Options for New Job Starters in the UK?
Getting a mortgage with a new job is possible, but your options might be more limited.
Most lenders prefer applicants to have at least three to six months of continuous employment with their current employer.
This helps them assess your financial stability and ability to keep up with mortgage repayments.
But here’s the good news: not all lenders follow the same rules. Some may accept a job offer letter or even consider your application before you officially start, especially if you’re staying within the same industry or moving to a higher-paying role.
What Do Lenders Evaluate?
Lenders assess several factors when deciding on mortgage approvals:
1. Employment Type & Stability
- Full-time, permanent roles are viewed more favourably than temporary or probationary contracts.
- Self-employed individuals typically need to provide at least two years of accounts to prove their income.
2. Income & Affordability
- A higher salary in your new job can work in your favour. However, some lenders may want to see payslips from at least three months before approving your application.
- Bonuses and commissions may not always be considered reliable income sources.
3. Industry & Career Progression
- If you’ve moved to a similar role within the same industry, lenders may be more flexible.
- A complete career switch with an unpredictable income might make approval more challenging.
How to Improve Your Chances of Approval
Even if you’re in a new job, there are ways to strengthen your mortgage application:
Wait Until Your Probation Period Ends – Some lenders may require you to complete your probation before approving your mortgage.
Save for a Larger Deposit – A higher deposit (e.g., 15% or more) can reassure lenders of your financial stability.
Maintain a Strong Credit Score – Pay off debts, avoid late payments, and check your credit report for any inaccuracies.
Which Lenders Accept Applications from New Employees?
While many mainstream lenders require a minimum employment period, some specialist lenders consider applications from:
- Professionals with job offer letters (e.g., doctors, lawyers, accountants)
- Applicants on probation periods
- Individuals changing industries but with a strong financial background
Should You Wait Before Applying?
Starting a new job doesn’t stop you from exploring mortgage options for new job starters in the UK, but it may require some extra planning.
The key is knowing which lenders to approach and preparing your finances accordingly.
If you’re unsure where to start, speak to our experts at Pera Mortgages.
Let us guide you to the best mortgage solution tailored to your situation.
Get in touch today and take the first step towards owning your new home!