Home Loans While on Probation: What Sydney Buyers Should Know

Started a new job and been told to come back after probation? That is one lender’s policy, not the market’s.

How lenders see probation

Some want it completed. Others are comfortable from day one if you are in the same industry, moved for more money, or have a strong file overall. A permanent role with a signed contract often counts for more than people expect.

What helps your case

Continuity in your field, a clean credit history, a solid deposit and modest debts. A payslip or two beats a job offer letter, timing an application a few weeks after starting can change the answer.

The broker’s job

Knowing which lenders read probation generously, so your application goes where it will be welcomed, one considered application rather than a scattergun of credit checks. That is standard work in a borrowing power assessment.

Check your indicative position with the Buying Position tool, then ask Charles which lenders suit your situation.

General information only, not credit, legal or tax advice. Your situation is assessed properly before any recommendation. Government scheme details change; figures are current at the time of writing.