Your home may be repossessed if you do not keep up repayments on your mortgage.
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I am in a probationary period can I still obtain a mortgage?
Yes you can. Probationary periods usually last for the first 6 months of new employment; some lenders do not like to assist borrowers when they are in probationary periods for obvious reasons. If the borrower does not successfully pass their probationary period they could be left with no job and a large mortgage to pay. However there are many lenders who will look to assist a borrower in a probationary period, this is where our expertise comes in as we can quickly find you these lenders and source appropriate mortgages for you to ensure you get the best possible deal to fit your circumstances. The overall cost for comparision is 7.3%APR. The actual rate available will depend upon your circusmstances. Ask for a personalised illustration. APR is variable and is based on a usual case.
- ARLA
- Consumer Credit Counselling Service
- Experian Credit Expert
- Council of Mortgage Lenders (CML)
- Financial Services Authority (FSA)
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