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Employment history, what's best for Banks?

Discussion in 'Property Finance' started by Sonamic, 8th Dec, 2015.

  1. Sonamic

    Sonamic Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    951
    Location:
    Sunny QLD
    One for the brokers.

    I've been in the same industry with the same company for 21 years. Back in 2013 I transferred to a branch closer to home. In doing so I converted from Full Time to Casual to boost my hourly rate. I've been told this is no longer "sustainable" nor legal as my set hours per week are 50+.

    My question is, with my long history with one company working in my favour between Full Time and Salary which is seen as more favourable employment form from a Lenders perspective?
     
  2. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

    Joined:
    18th Jun, 2015
    Posts:
    2,148
    Location:
    Canberra and Sydney
    Full time is best - but casual doesn't preclude you from getting finance.

    Particularly if you've been working for the same company all those years.

    Cba and ANZ are particularly good in this space - but two years of casual employment with the same company shouldn't be a problem with many lenders.

    Cheers

    Jamie
     
  3. Harry Goyal

    Harry Goyal Member

    Joined:
    22nd Jul, 2015
    Posts:
    8
    Location:
    Victoria
    Don't worry, casual will not be a bar to getting a loan of your choice. Get in touch with an appropriate broker to get the loan from the top lender....

    Cheers!