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A new job does not stop a purchase in Bas-Saint-Laurent if the offer letter is clear and the field is the same. What the lender is looking for in it.
The lender wants to know whether the income will continue. A new employer in the same field goes over well. A probation or a leave is handled according to the employer’s letter and the expected return date. Policies vary enough that a single decline settles nothing.
An employment letter stating the position, the salary, the start date and, where relevant, the end of probation or the expected return date. Add whatever pay stubs you have and your notices of assessment from earlier years: they show the income kept going through the change.
You’ll need two years of notices of assessment, recent pay stubs and an employment letter. Tax records rule. Cash deposits that never appear on a return don’t count, whatever you’re buying.
Depending on where the income comes from, the lender may use this year’s figure, a two-year average, or just a confirmation of employment.
Bring the notices of assessment, returns, financial statements, pay stubs and deposit records, and have all of it before the offer. When a financing condition is tight, it’s a third party’s missing paper that sinks it.
A change of employer in the same sector goes over easily, often from the first pay stub. Changing trades resets the tenure clock with most lenders.
To prepare
Yes. It all runs by phone, email or video call, and documents go through online. We can meet in person, but most files get settled without anyone having to travel.
Not necessarily. Several lenders accept a file during probation when the employment letter is clear and the field is the same. Others ask for three months. That is internal policy, not a general rule.
Pick the situation closest to yours.
Contact
Buying, renewing, refinancing, or something a bit out of the ordinary: tell us where you’re at, even if it’s still fuzzy. Mathieu gets back to you with next steps and the documents to pull together.