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Employment lenght to obtain a mortgage

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  • 22-04-2018 9:24pm
    #1
    peace2804
    Registered Users Posts: 435 ✭✭


    Hi all, I believe there is a need to be in employment for 2 years in order to get approved for a mortgage.
    Is there a need to be with the same employer for the full 2 years or can it be with different employers?
    I changed jobs twice in the last 24 months, both were for my career progression and there was only 1 or 2 weeks between the date I left my ex employer and the date I joined my new employer, will this affect my application for a mortgage? Thanks.


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    #2
    TheIronyMaiden
    Registered Users Posts: 188 ✭✭TheIronyMaiden


    We've just been through the application process with a broker and all that was mentioned was that you had to be with your current job for longer than 6 months (i.e. past probation).


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    #3
    Interested Observer
    Registered Users Posts: 13,106 ✭✭✭✭Interested Observer


    It's not 2 years. I'm not with my employer for 2 years and I have approval.


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    #4
    izzyflusky
    Registered Users Posts: 427 ✭✭izzyflusky


    You just need to pass probation. I was able to get my probation time reduced so I could apply sooner so I was in my current job less than 6 months when I applied.


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    #5
    OscarBluth
    Registered Users Posts: 48 ✭OscarBluth


    I was in my job three months when we got mortgage approval, and for the previous four years I was working outside the country. I was surprised by this, but my employer had a short probation period and the bank basically said they cared I'd been in continuous employment because it spoke to employability but their only concern was having passed probation. A few different jobs in two years sounds grand.


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    #6
    GingerLily
    Registered Users Posts: 4,767 ✭✭✭GingerLily


    How long have you been in your current job? What kind of contract do you have? Does the job have a probation period?


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    #7
    peace2804
    Registered Users Posts: 435 ✭✭peace2804


    Thank you all for your answers.
    GingerLily wrote: »
    How long have you been in your current job? What kind of contract do you have? Does the job have a probation period?

    8 months in my current job and I am starting my new job in 2 weeks time, I have a permanent contract with 6 months probation period.

    I shall be able to apply for a mortgage from December of this year based on all the above comments.

    Thanks again for your time and help!


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    #8
    GIMP
    Registered Users Posts: 1,079 ✭✭✭GIMP


    TheIronyMaiden wrote: »
    We've just been through the application process with a broker and all that was mentioned was that you had to be with your current job for longer than 6 months (i.e. past probation).

    Can I ask the Brokers name and address?
    Have you got offers from banks yet?

    We are just trying to decide if a broker is worth it or if applying individually to banks makes more sense.


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