PolicyMatch Brief

Started a new permanent job? What lenders may check before using the income

A new permanent job doesn’t automatically mean a six-month wait. What a lender looks at is how long you’ve been in the role, whether you’re on probation, whether it’s the same occupation or industry as before, how much year-to-date (YTD) income is on your payslip, and what evidence is available. Some policies are genuinely more flexible than others on this exact scenario.

A worked example

Say you started a permanent role one month ago, you’re on probation, but you’ve spent the previous five years in the same industry with no employment gap, and you have two recent payslips with a short YTD figure. On the surface this looks thin, one month, probation, short YTD. In practice, several things can offset that: the five-year same-industry history, continuity between roles, and whether your specific lender treats probation as a hard stop or a case-by-case question.

What actually varies by lender

FactorWhat can differ
Current-role tenureRanges from no stated minimum in some policies through to 3 or 6 months in others
ProbationAccepted outright in some policies, case-by-case in others, must be completed in some
Payslip evidenceOne strong recent payslip can be enough in some policies; others want two, or a prior-year figure too
Short current tenureCan be offset by continuous employment in the same occupation or industry, under many (not all) policies
Higher LVRCan tighten evidence/tenure requirements further under some policies

The useful question is never just “am I permanent?”, it’s the combination of tenure, probation status, industry continuity and evidence quality together.

What to prepare

  • Your most recent payslip(s), one or two, depending on how much YTD history they show
  • Employment contract or a simple letter confirming your start date and permanent status
  • Prior financial-year income evidence, in case your current YTD is short
  • A brief written timeline of your employment history if you’ve changed roles recently

Next step: explore your exact scenario in the Scenario Lens‘s Permanent PAYG tab, then talk with KartikKumar about which lender policies actually fit your tenure and evidence position.

General information only, correct at time of writing, and not personal financial advice. Speak with KartikKumar Patel about how this applies to your situation.

Have a scenario?

Start with the details that actually matter.

Tell me what you’re trying to do. We can work out what needs to be checked before you spend time on the wrong option.