Changing Jobs? Don’t Let it Stop You Securing a Mortgage

Monday March 4, 2019

Are you looking for a specialist mortgage but have some complex holdbacks? We have the banking contacts to provide a tailored solution where other lenders may not be able to help. To discuss this or any other large or complex mortgage case, please contact us on 020 7519 4984 or email us.

Case profile

Our client was the Chief Executive of a well-known PLC who had left his post to start a new role with another company. As his new job was several hundred miles away from his family home, our client decided to purchase a pied-a-terre where he could stay during the working week. Having found a suitable property, he came up against a challenge securing a mortgage because at that time he was effectively between jobs without an income.

Our client had signed a contract for future employment, but in the eyes of a number of lenders he was not working and would not have an income for the first few months of the mortgage. Therefore, it proved to be a challenging case.


Our team of expert advisers scoured our network of lenders to source a Building Society which would be willing to take a view on the situation. explained that the client had a wider investment portfolio which ‚Äď if necessary ‚Äď could be liquidated to meet the income/affordability criteria for the loan. That information, coupled with the signed employment contract, gave the Building Society the confidence they needed to lend the required sum. Our client pressed ahead with the purchase of his pied-a-terre in time to take up his new post.

Deal Highlights

Loan amount:£551,250
Rate:2.24% for 2 years
APRCOverall cost for comparison 4.70% APRC representative variable
Term 12 Years
Type: (Interest Only/Repayment)Interest Only
Loan purpose: (Purch/ remo)Second home purchase
Lenders arrangement fee0.50% of the loan amount
Early repayment charge 3% of the loan repaid within the first two years


This case study is for information and illustration purposes only. It is not an offer, or suggestion of an offer. Each mortgage case is assessed on an individual basis and there is no guarantee that the solution described here can be repeated in the future.

Please note that this specific deal may not be available to Рor suitable for Рall customers, dependent on their individual circumstances. The rate quoted may become out of date at short notice and may not be available at the point at which customers enquire about it. This document may not contain all the information needed for customers to make a decision and they should seek advice.

Overall cost for comparison 4.70% APRC representative variable based on 24 payments at a fixed rate of 2.24%, followed by 120 payments at the lenders variable rate, currently 4.99%. Because all, or part of, the mortgage is currently, or will revert to, a variable interest rate mortgage, the actual APRC could be different from this APRC and the payments could increase, if the interest rate of the loan changes.  For example, if the interest rate rose to 12.00%, the APRC could increase to 12.80%. The actual rate available will depend on your circumstances. Ask for a personalised illustration.

Your home or property may be repossessed if you do not keep up the repayments on your mortgage. Changes in the exchange rate may increase the sterling equivalent of your debt.

To make an enquiry call us on 020 7519 4984 or visit our website.

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Your home or property may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Changes in the exchange rate may increase the sterling equivalent of your debt. You may have to pay an early repayment charge to your existing lender if you remortgage. Think carefully before securing any other debts against your home. is a trading name of Ltd, Aegon House, Ground Floor Suite, 13 Lanark Square, London, E14 9QD authorised and regulated by the Financial Conduct Authority (FCA). Our FCA registration number is 302228 and can be viewed by visiting the FCA website: The FCA does not regulate tax advice or some aspects of commercial, buy to let, overseas mortgages, bridging finance, finance and asset lending. Ltd is a licensed credit broker, and not a lender. Ltd Registered in England and Wales No: 5070990 Registered Address: As above. The guidance and advice contained within the website are subject to the UK regulatory regime and is primarily targeted at UK customers. Calls may be recorded for training and monitoring.
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