Change of job after letter of offer has been granted

stressederic

Hi
wondering if anybody can help me! I am in my current employment 5 years and it looks promising that we will get equity released to build an extension! The only problem is that I am planning on changing jobs in the next month and they will not give the loan unless u have been in the same employment for the last two years. What's the best way around this? My new job is permanent and higher paying!

Gumbo

stressederic wrote: »

Hi
wondering if anybody can help me! I am in my current employment 5 years and it looks promising that we will get equity released to build an extension! The only problem is that I am planning on changing jobs in the next month and they will not give the loan unless u have been in the same employment for the last two years. What's the best way around this? My new job is permanent and higher paying!

If you have already been approved, why not draw down the funds now while you can.

ted1

There's time when saying nothing is the best option

stressederic

I would like to do that! With equity release they release the money in instalments as work is being done! Can they ask for more updated payslips after letter of offer has been granted?

stressederic

I'm worried that they might ask for updated payslips when we are getting the work done and if they see I have changed jobs they could pull the plug on the whole thing?? Could they do that???

Victor

You will need to check the terms of the offer / contract you have with the bank. Realise that the job may not last and you may be financially exposed.

stressederic

Thanks for the advice!