After conditional approval

Discussion in 'Loans & Mortgage Brokers' started by Hyhk, 17th Sep, 2021.

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  1. Hyhk

    Hyhk New Member

    Joined:
    20th Jan, 2021
    Posts:
    4
    Location:
    Western Australia
    I had a conditional approval last month.
    Conditions are such as valuation , required deposit paid etc.
    I have a good job opportunity as part time so if I accept the offer I will be working 3 days in current employment and 2 days for the new job( same industry as physio) Would it be ok to accept the offer or I should stay where I am. I was wondering if this could affect my full loan approval

    Thank you very much
     
  2. Peter_Tersteeg

    Peter_Tersteeg Mortgage Broker Business Member

    Joined:
    18th Jun, 2015
    Posts:
    8,171
    Location:
    03 9877 3000
    After a month or so, many lenders will ask for updated payslips. This could derail the pre approval. It would be prudent to verify the lenders policy before purchasing.
     
  3. Tony Xia

    Tony Xia Structured Loan Advisor Business Member

    Joined:
    23rd Aug, 2015
    Posts:
    1,576
    Location:
    Bella Vista
    Peter is correct, bank asking for updated payslips will stuff you up. If both jobs are PAYG then you should try to notify them when you can and update your details once job arrangements changes.