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The Local _ Finance _ Mortgage with probationary job?

Posted by: Quine 15.Jan.2020, 05:00 PM

Hi all,

I want to buy an apartment. I have the 15% deposit. I need a committed loan offer/mortgage in principle.

Here is the difficulty: my job is probationary (for those who know academia-jargon: tenure-track). That means that my job should and almost certainly will become permanent in three years' time, but for now my contract is, strictly speaking, temporary. Arguably, it is a more secure job than most with private companies, since my employer is extremely unlikely to go bankrupt.

Handelsbanken have refused my initial request for a loan offer because the job is "temporary". Here are my questions:

Has anyone here had success with getting a mortgage despite having a temporary or probationary job? Which bank?

Does anyone here have ideas as to how I convince Handelsbanken (or any bank) of the security of my job? (my Head of Department will gladly write any letter required . . .)

Tips from fellow TT academics especially welcome!

Posted by: Svedallas 15.Jan.2020, 05:27 PM

QUOTE (Quine @ 15.Jan.2020, 05:00 PM) *
Hi all,

I want to buy an apartment. I have the 15% deposit. I need a committed loan offer/mortgage in principle.

Here is the difficulty: my job is probationary (for those who know academia-jargon: tenure-track). That means that my job should and almost certainly will become permanent in three years' time, but for now my contract is, strictly speaking, temporary. Arguably, it is a more secure job than most with private companies, since my employer is extremely unlikely to go bankrupt.

Handelsbanken have refused my initial request for a loan offer because the job is "temporary". Here are my questions:

Has anyone here had success with getting a mortgage despite having a temporary or probationary job? Which bank?

Does anyone here have ideas as to how I convince Handelsbanken (or any bank) of the security of my job? (my Head of Department will gladly write any letter required . . .)

Tips from fellow TT academics especially welcome!


That depends on how long you have been in Sweden initially. But for the most part they are pretty strict on having a "fast" contract. That is how it has always been.

There are some smaller boutique type of loan companies that could offer a loan, but they come with a very very high interest rate.

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