Full-time Employment
How long do I need to be in my current full-time job?
Most lenders require that you have been employed at your current workplace for at least three months and completed any probationary period. To confirm this, you will have to provide a minimum of two of your most recent, consecutive payslips and the bank may even contact your boss to confirm your employment status.
Some lenders may consider a probation period attached to employment as well for a suitable customer profile.
What if I work full-time on a commission-based structure?
When assessing potential borrowers, lenders may consider a portion of their commission and penalty rates in addition to their base pay. This portion ranges from 50% to 100% but usually lies somewhere around the 80% mark.