Redundancy before I sign new agreement

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    Redundancy before I sign new agreement

    Hi all,

    Just wanting some opinions. Due to issues in my current rented property, I am having to move. I am currently going through a consultation period of possible redundancy, me and my partner have now put a holding deposit down but I'm wanting to know if the estate agent find out about the redundancy will they refuse us? We have enough for 3 months rent and I have 3 interviews lined up with 2 of them being second round interviews, please let me know thoughts as this is my dream property and don't want to let it go

    Thank you

    #2
    If your partner's salary isn't sufficient I would expect them to turn you down if they find out. If it's a big company I doubt they will say anything until they actually make you redundant as until then you are only under threat of it. Usually they just confirm you're employment status and salary.

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      #3
      Of more relevance why do you want the property if you cannot afford it? 3 months of rent is very low savings if you don't have a job - maybe you should wait for the job to be confirmed first - do you have to leave the current place?

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        #4
        I would agree with the above, if i were under threat then i would certainly not be making a big purchase...... and new more expensive AST is just that.

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          #5
          Are you buying or renting this dream Property?
          Mortage Lenders now have to consider Affordability and LLs should apply similar with a Credit check recomendation.

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