We were pre-approved for a home loan, (P+I, Owner occupied) but my partner has changed jobs and is now in a probation period. The current bank (UBank) doesn't lend during the probation period so I have emailed through letting them know and we will not be able to borrow through them.
Does anyone have any experience with banks that lend within the probation period, and what ones are competitive in terms of rate? Rate is obviously a very important part, but also want to maximise our maximum value we can borrow to give flexibility when finding a property. We are limited by serviceability so in general the lowest rate leads to the maximum borrowing capacity for us anyway.
My sister is with HSBC who I believe at least used to approve loans for people within probation periods and I have approached them as a start. If anyone else has any experience please let me know. I'll probably approach some brokers to see what they can offer as well, but liked to be well armed with my own knowledge, so more sources for options + info would be great.
I was told by my broker that if you start a new job in the same industry it wouldn't be considered the same as a new job in a different industry (i.e. the risk is lower if you are in the same industry). Hope that makes sense! Apparently it wouldn't effect my borrowing capacity if I stay in the same industry.