Hi, What are the implications if you are changing jobs between purchasing a property? If you start a new job and you purchase a property around the same time are there potential issues regarding providing pay slips? Is there a particular duration you need to be working at the new job to be applicable to get the loan application? What are the requirements of different lenders regarding this?
This really isn't something you want to DIY. If this is a possibility, tell your mortgage broker and they will choose a lender that is easiest to work with on this.
It could be anything from no worries to wait 6 months. It depends on the lender, whether you are changing industries, whether there will be a probation period and LVR
Every lender has its own rules around this. A good broker should be able to help you navigate these 'invisible' rules. I heard brokers advising their clients to wait at least until probation period is over but have also heard other brokers say that it's not a problem. Might be a good idea to speak with a couple of brokers.
General guide is... if outside of LMI most lenders will want to see 2x payslips at a minimum. If in LMI then it is case by case depending on the specific lender policy.