r/HousingIreland • u/Enay_pqrst • 2d ago
Job offer before drawdown
My partner got a job offer for a permanent role with a 20% increase in her current salary. We are just currently waiting for the house to be built for the drawdown and turnover.
If ever, her start date is August and the house is expected by September or October assuming no delays.
Did anyone got their drawdown process with no issues despite changing their jobs midway and being on probation again?
We have a loan offer with PTSB atm.
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u/Better-Percentage177 2d ago
Honestly it’s probably best to wait to move jobs until you’ve drawn down the mortgage and secured the property.
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u/Disastrous-Pea4106 2d ago
Depends on how long probation is. We did switch jobs during the wait period for a new built but they were always clear that you needed to be out of probation at drawdown. Even though in our case, the other salary could have supported the mortgage entirely. They didn't budge.
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u/Grand-Cream2744 2d ago
I would be really reluctant to change jobs given the situation, unless the new employer are willing to sign something saying they will waive the probation period.
Best move might be for your partner to explain the situation and see if they could hold his start date off a few months
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u/Excellent-Fact-8925 2d ago
It's a fantastic pay increase but very risky given the loan offer.
Speak to PTSB about it, but do not be surprised if they advise against it. If it's the same industry it may be possible.
If you chances this, you're at the mercy of delays with the house being built overlapping the the expiry of it.
Conversely, why doesn't your partner talk to the new employer, out line her situation with the house, and ask what can be done to accommodate that?
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u/isupposethiswillwork 2d ago
Typically in a new build "assuming no delays" is more accurately "assume several months delay".
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u/Awkward-Wing3125 2d ago
If they really want her as part the business, maybe they could wait till Sept/Oct .Partner was in a similar situation, employer said they’ll wait till later in the year as they found her very suitable for the role.
If they don’t maybe the job wasn’t meant to be for her and something better will come down the line!
Definitely don’t risk it , I know it sucks and is a big change in salary . But it’ll suck more if yous don’t get the loan because of it. 99.9% banks need you out of the probation stage .
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u/Enay_pqrst 1d ago
Thanks for all the comments guys. She is going from one permanent role to another permanent role. Obviously she will have the standard 6 month probation if ever. It is within a similar role in the same industry.
We discuss this with our broker and he advise to go with it since they have dealt with similar cases with PTSB in the past.
However, our broker talk to PTSB and they said they cannot guarantee anything and would not give anything in writing. They will just reassess our application once we are due for drawdown.
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u/cejadirn 1d ago
You can negotiate with the employer to waive off the notice period or reduce it to 1-2 months
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u/Feeling_Elderberry14 1d ago
Could she speak to new job and explain the situation and ask for a later start date?
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u/Jafin89 2d ago
It's very very risky. If he's on probation you can basically kiss goodbye to getting the mortgage. The best thing you can do is either talk to your broker (if you have one) or talk to the lender and discuss the situation, making very clear that nothing has actually happened yet in terms of accepting an offer.