My partner and I are building a house. We are currently waiting on the land to be registered.
We intend to apply for pre-approval in July/August with the mortgage starting around October when the land is released.
My partner is getting a new job/contract, he's just waiting on a clearance. There is a chance he won't start until March/April.
Has anyone had success getting pre-approval being in a job/contract for less than 6 months? He will be working in the same industry as he has currently been working for the last 8 years.
We have spoken to a broker, we are borrowing about 600K, our serviceability is 1.3million. Combined income is 270K.
Broker said it may just limit our options but just wanted to hear some others experiences.