Change in circumstances after approval (before drawdown)

Ihana

Registered User
Messages
109
I am a contract worker with the same company for three years now. The bank has indicated that they will count my salary towards mortgage as I have been there for so long (as long as I provide a letter from employer that no changes are foreseen). If I change jobs after approval but before drawdown, is it likely that the bank will withdraw their mortgage approval?
 
I would think so. I'm a permanent employee. I've been employed consistently in different companies for over 20 years. I changed jobs 5 months ago. Nobody is interested in my switching application until I pass my probation period. After that (6 months probation) they'll look at me.
 
If you change jobs the bank are unlikely to find out unless you tell them. If you don't complete the house purchase or there is a considerable delay in completing you will have to resubmit a new application !!! then you will be in a bad state having just started a new job..
 
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